Microsoft's total revenue rose 13 per cent to US$38.03 billion in the quarter, beating estimates of US$36.5 billion, according to IBES data from Refinitiv. Both measures for the June-ended period topped Wall Street expectations. However, Azure saw its revenue growth slow to just 47%, from 59% in the previous quarter.
Earnings for the business unit Microsoft phone calls the "Much more Personalized Computing", device which features Home windows, look for, Xbox and Floor, was $12.9 billion in Q4, up 14% from this time last 12 months. "Organizations that build their own digital capability will recover faster and emerge from this crisis stronger", Microsoft CEO Satya Nadella stated in a declaration.
Analysts estimate £28.18 billion in revenue for the US tech giant in the fiscal Q1.
Microsoft shares are down more than 2% in after-hours trading.
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Microsoft's revenue in its Intelligent Cloud segment jumped 17 percent to $13.4 billion, with 47 percent growth in the Azure component, including essential computing and storage services.
Commercial cloud revenue rose 30 per cent to US$14.3 billion. The business is also expected to get a boost later this year when it releases its new Xbox Series X gaming console.
"Some of the bulls were hoping for more of a beat", said Dan Ives, an analyst at Wedbush Securities.
While the cloud business continued to thrive in the fourth quarter, the SMB segment was impacted by closures and temporary shutdowns. But some cloud customers also have been looking to cut costs as they grapple with the effects of the economic downturn from the coronavirus outbreak.
The revenue in Productivity and Business Processes was $11.8 billion and increased 6 per cent. "Our commercial cloud surpassed $50 billion in annual revenue for the first time this year".
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Microsoft also added new capabilities to its Teams platform in the company's efforts to empower Firstline Workers connect and engage with information, apps and co-workers while enabling organizational agility. The Redmond, Wash. -based company was early in shifting employees to remote working when Covid-19 cases spread across the U.S.
Excluding extraordinary events and charges, profits would have been up 5% for the quarter, the company said.
And LinkedIn, which it acquired for more than $26 billion in 2016, is dealing with weakened demand for its recruitment services and soft advertising spending during the pandemic.
"Investors rely on cutting-edge technologies to deliver intelligent insights, manage risk and detect anomalies so they can help customers achieve their investment goals", said Scott Guthrie, Executive Vice President, Cloud +AI, Microsoft.
Microsoft's corporate customers are signing up for subscriptions and online versions of its Office productivity software to take advantage of programs like the "Teams" communications application.
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