Microsoft This autumn Earnings Highlights: Double Beat, CEO Says ‘Cloud And AI Is The Driving Power’ – Microsoft (NASDAQ:MSFT)

Expertise big Microsoft Company MSFT reported fourth-quarter monetary outcomes after market shut Wednesday.

Listed here are the important thing highlights.

What Occurred: Microsoft reported fourth-quarter income of $76.44 billion, up 17% year-over-year. The income whole beat a Road consensus estimate of $73.80 billion in line with information from Benzinga Professional.

The corporate reported fourth-quarter earnings per share of $3.65, beating a Road consensus estimate of $3.37.

This is a have a look at Microsoft’s income by reporting phase:

• Productiveness and Enterprise Processes: $33.1 billion, +16% year-over-year
• Clever Cloud: $29.9 billion, +26% year-over-year
• Extra Private Computing: $13.5 billion, +9% year-over-year

The corporate reported that Microsoft 365 Industrial cloud income elevated by 18% year-over-year. Microsoft 365 Shopper cloud income was up 20% year-over-year within the quarter.

Throughout the Clever Cloud phase, income from Azure and different cloud providers elevated by 39% year-over-year.

Xbox content material and providers income was up 13% year-over-year within the quarter.

General cloud income was $46.7 billion within the quarter, representing a 27% year-over-year improve throughout varied segments.

The corporate’s full fiscal yr income was $281.7 billion, up 15% year-over-year. Full-year earnings per share have been $13.64, up 16% year-over-year.

“Cloud and AI is the driving power of the enterprise transformation throughout each trade and sector,” Microsoft CEO Satya Nadella mentioned. “We’re innovating throughout the tech stack to assist prospects adapt and develop on this new period.”

Nadella mentioned Azure surpassed the $75 billion income milestone for the complete fiscal yr, representing a 34% year-over-year improve.

The corporate will present an replace on steering throughout its earnings name, which may be seen beneath.

MSFT Worth Motion: Microsoft inventory is up 7.2% to $550.01 in after-hours buying and selling versus a 52-week buying and selling vary of $344.79 to $518.29.

Learn Subsequent:

Photograph: Shutterstock