$MSFT Microsoft Q4 FY24 (ending in June):
☁️ Azure +30% Y/Y fx neutral (vs. 31% in Q3).
• Revenue +15% Y/Y to $64.7B ($0.3B beat).
• Gross margin 70% (-1pp Y/Y)
• Operating margin 43% (flat Y/Y).
• EPS $2.95 ($0.02 beat).
$MSFT Microsoft Q4 FY24 (ending in June):
☁️ Azure +30% Y/Y fx neutral (vs. 31% in Q3).
• Revenue +15% Y/Y to $64.7B ($0.3B beat).
• Gross margin 70% (-1pp Y/Y)
• Operating margin 43% (flat Y/Y).
• EPS $2.95 ($0.02 beat). pic.twitter.com/bHlS84ZeDO— App Economy Insights (@EconomyApp) July 30, 2024
BREAKING: Microsoft stock, $MSFT, crashes over 8% after reporting Q2 2024 earnings.
The stock has now erased $260 BILLION worth of market cap during after hours trade.
This comes even as Microsoft beat expectations on both revenue and EPS.
Microsoft reported quarterly revenue… pic.twitter.com/oRKBuYusCN
— The Kobeissi Letter (@KobeissiLetter) July 30, 2024
Microsoft Corp.’s Azure cloud service posted a slowdown in quarterly growth, disappointing investors anxious to see a payoff from huge investments in artificial intelligence products. The shares fell.
The company’s total revenue in the fourth quarter, which ended June 30, increased 15% to $64.7 billion, while adjusted profit was $2.95 a share, the company said in a statement Tuesday. Analysts on average estimated sales of $64.5 billion and per-share earnings of $2.94.
The Azure cloud-computing service posted a 29% revenue gain in the quarter, decelerating from the 31% growth in the previous period.