Earnings Highlights
Microsoft’s total revenue for the quarter ending June 30 increased by 15% year-over-year, reaching $64.73 billion, surpassing the expected $64.39 billion. Earnings per share stood at $2.95, outperforming the anticipated $2.93. Net income rose to $22.04 billion from $20.08 billion in the same quarter last year.
Cloud Performance Concerns
The Intelligent Cloud segment, which includes Azure, Windows Server, Nuance, and GitHub, generated $28.52 billion in revenue, falling short of the $28.68 billion analyst consensus. Azure and other cloud services grew by 29%, below the expected 31% growth rate. This underperformance in the cloud sector, particularly in Azure, has become a focal point for investors.
Segment Breakdown
The Productivity…
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