Microsoft Q4 results top estimates as cloud growth shines
Investing.com — Microsoft reported Tuesday better-than-expected fiscal fourth-quarter results, led by growth in its cloud computing business.
Microsoft Corporation (NASDAQ:MSFT) shares fell 2% in after-hours trading following the report.
Microsoft announced earnings per share of $2.69 on revenue of $56.2 billion. Analysts polled by Investing.com anticipated EPS of $2.55 on revenue of $55.44B.
Revenue in productivity and business processes was up 12% to $18.3B and its intelligent cloud business, which includes cloud business Azure, grew 15% to $24B.
Azure was up 26%, in line with analyst estimates.
«We remain focused on leading the new AI platform shift, helping customers use the Microsoft Cloud to get the most value out of their digital spend, and driving operating leverage,» the company said.
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