Microsoft reports 4th quarter revenue up 15% year-over-year, but Azure cloud growth lags projections.

From Nasdaq: 2024-07-31 18:33:21

Microsoft (NASDAQ: MSFT) reported 4th quarter revenue of $64.7 billion, up 15% year-over-year, with net income of $22 billion or $2.95 per share, up nearly 10%. Despite marginal beats, shares slipped 1% as Azure cloud growth slightly lagged projections. Intelligent Cloud was top segment with 19% growth to $28.5 billion.

Investors were watching Microsoft closely after its quarterly results, revealing a 15% year-over-year revenue increase. While the company marginally beat analyst estimates, concerns arose over Azure cloud growth slowing down. With Intelligent Cloud leading in revenue at $28.5 billion and 19% growth, Microsoft’s shares slipped by over 1% post-announcement.

Microsoft’s Azure cloud service reported 29% year-over-year growth, slightly below the 30% expectation. This raises concerns since the growth had slowed from 31% in the previous quarter. Investors should carefully consider all factors, especially Azure’s performance, before investing in Microsoft.

Microsoft shares slipped slightly following the announcement of its quarterly results, as the Azure cloud service growth fell slightly below analyst expectations. With Intelligent Cloud leading in revenue and growth, investors may want to carefully assess Microsoft’s overall performance and prospects before investing.



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