On 30th July, Microsoft Corporation released its FY24 Q4 earnings results. The company reported a revenue and net income increase of 15% and 10%, respectively. Microsoft's strong earnings results strengthen my belief in rating the company as a buy. I particularly suggest that younger investors overweight the company in their investment portfolio, contributing to the portfolio's dividend growth potential.
Shares fell in post-market trading after Microsoft released its fourth-quarter earnings report. Its Azure cloud unit's revenue grew 29%, slightly slower than analysts had expected.
Microsoft (MSFT) came out with quarterly earnings of $2.95 per share, beating the Zacks Consensus Estimate of $2.90 per share. This compares to earnings of $2.69 per share a year ago.
Disappointing quarterly results from Microsoft melted $340 billion of stock market value on Tuesday from it and rival heavyweights racing to dominate artificial intelligence technology, while Nvidia and other AI chip sellers rallied after results from Advanced Micro Devices.
Firm's earnings were up 15% year-on-year, but Azure's lower returns resulted in share prices falling by as much as 7%
Microsoft (MSFT) reported better-than-expected earnings and revenue for the fourth quarter of fiscal 2024, but growth in its cloud segment missed estimates, sending shares tumbling in extended trading Tuesday.
Microsoft reported $19 billion in quarterly capital expenditures, racing to expand and update its data center infrastructure to keep up with demand for artificial intelligence.
Market reaction suggests bearish sentiment for Microsoft's short-term outlook, with investors focused on the company's cloud growth strategy
The tech giant's revenue also grew 15 percent, but Wall Street is watching whether its investment in A.I. is paying off for its cloud computing business.
Microsoft Corp (NASDAQ:MSFT) reported fiscal fourth quarter revenues and profits ahead of Street estimates but a Cloud revenue miss saw its shares tumble more than 5% after Tuesday's closing bell. Intelligent Cloud revenue, which includes Microsoft's Azure Cloud computing platform, was $28.5 billion, up 19% year-over-year but short of estimates of $28.7 billion.
Technology giant Microsoft Corporation MSFT reported fourth-quarter financial results after the market close Tuesday.
Growing revenue from cloud services powered Microsoft's MSFT -0.89%decrease; red down pointing triangle financial results last quarter, as the tech giant continues to spend heavily on hardware for artificial intelligence.