Microsoft (MSFT) Q4 earnings report 2023 – CNBC

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Microsoft shares slipped 1% in extended trading on Tuesday after the software maker issued fiscal fourth quarter earnings.

Here’s how the company did:

• Earnings: $2.69 per share, vs. $2.55 per share as expected by Refinitiv.
• Revenue: $56.19 billion, vs. $55.47 billion as expected by Refinitiv.

Revenue rose 8% year over year in the quarter, which ended on June 30, according to a statement. Growth has come in under 10% for three consecutive quarters for the first time since 2017. Net income totaled $20.08 billion, compared with $16.74 billion in the year-ago quarter.

Microsoft’s Intelligent Cloud segment contributed $23.99 billion in revenue, up 15% and above the $23.79 billion consensus of analysts surveyed by StreetAccount. The unit comprises the Azure public cloud, SQL Server, Windows Server, Visual Studio, Nuance, GitHub and enterprise services.

Azure revenue grew 26% during the quarter, compared with 27% growth in the previous quarter. Analysts polled by CNBC and by…

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source: https://news.oneseocompany.com/2023/07/25/microsoft-msft-q4-earnings-report-2023-cnbc_2023072548098.html

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