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Microsoft's report exceeds expectations

The technology giant Microsoft presents a quarterly report that exceeds market expectations.

Published: 30 July 2024
Microsoft's report exceeds expectations
Photo: Samuel Steén/TT

The company, which has a broken financial year, reports a profit of 2.95 cents per share for the fourth quarter, which can be compared to the market's expectations of 2.93 cents, according to CNBC.

Revenues increased by 15 percent on an annual basis. The turnover for the quarter amounted to 64.73 billion dollars, which corresponds to approximately 697 billion kronor. Market analysts had expected a turnover of 64.39 billion dollars, according to the analysis firm LSEG.

The company, like several other technology giants, has made large investments in artificial intelligence, which includes, among other things, the cloud service Azure. The segment as a whole, however, missed the analysts' expectations of 28.68 billion dollars in turnover. The income from the cloud services instead amounted to 28.52 billion dollars.

The two segments that include the Office package and Windows, respectively, both exceeded the analysts' expectations in terms of turnover.

Microsoft's share reached a new record level at the beginning of July, but has since declined. In Tuesday's after-hours trading, the share initially fell sharply, but had recovered about half an hour after the report's publication.

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By TTThis article has been altered and translated by Sweden Herald

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