Saturday, May 25, 2024

Microsoft numbers are worse than expected: shares fall

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Microsoft did not convince investors with the quarterly figures published on Tuesday night. The software giant missed analysts’ expectations in terms of sales and earnings. In a first reaction outside of business hours, Microsoft shares fell about 1 percent.

Microsoft increased its sales in the fiscal fourth quarter (through the end of June) compared to the same quarter last year by 12 percent to $51.9 billion. Net income, on the other hand, increased just 2 percent to $16.7 billion, or $2.23 per share.

Therefore, analysts’ expectations were not met. Experts had expected adjusted earnings per share of $2.23 on sales of $52.3 billion.

A closer look at the development of sales makes it clear that no segment stood out this time and that the bank did not meet expectations:

In the “Intelligent Cloud” growth segment, revenue increased 20 percent to $20.9 billion. The division’s highlight continues to be Azure infrastructure service and related cloud services, which are up 40 percent. Strong unchanged, but analysts expected more for the entire segment at $21.1 billion.

The division around Windows, Surface Books and Xbox dubbed “More Personal Computing” failed to beat expectations of $14.7 billion on sales growth of two percent to $14.4 billion. The “Productivity and Business Processes” segment was also below estimates by $16.7 billion on revenue of $16.6 billion.

Weak quarterly season continues with disappointing numbers from Microsoft. For a more detailed evaluation, the earnings call with management should be awaited. However, investors should remain loyal to Microsoft stock for now. You can learn more about Microsoft’s figures tomorrow at DER AKTIONÄR.

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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