Microsoft beats revenue expectations, reporting 22% growth
Summary
Microsoft shares edged 1% higher in extended trading on Tuesday after the software and hardware maker reported fiscal first-quarter earnings that exceeded analysts’ estimates.
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Times of India
Microsoft sees cloud business growth, but supply woes continue for Xbox
Microsoft sees cloud business growth, but supply woes continue for Xbox
Microsoft beats quarterly revenue estimates on cloud boost
Analysts had expected a figure of $16.58 billion, according to Refinitiv data. Revenue growth for Azure, the company's flagship cloud-computing business, came in at 48% to beat analysts' estimates of 47.5%, according to consensus data from Visible Alpha. Azure's growth rate is the best direct measure of competition with rivals such as AWS and Google Cloud as Microsoft does not break out revenue from the cloud-computing unit.
Microsoft Sees Cloud Business Growth, But Supply Woes Continue For Xbox
Microsoft Corp on Tuesday forecast a strong end to the calendar year thanks to its booming cloud business but said supply chain woes will continue to dog key units such as those producing its Surface laptops and Xbox gaming consoles.
Microsoft beats quarterly revenue estimates on cloud boost
Microsoft Corp beat Wall Street expectations for quarterly revenue on Tuesday, as demand soared for the software giant's cloud-based services from businesses adopting hybrid work models.
Microsoft profit up 24% in quarter, driven by cloud growth
REDMOND, Wash. (AP) — Growth in Microsoft's cloud computing business helped push its profit up 24% in the July-September quarter over the same time last year. The Redmond, Washington-based tech company on Tuesday reported quarterly profit of $17.2 billion, or $2.27 per share, beating Wall Street expectations of $2.08 per share.