Microsoft Q4 Earnings Highlights: Revenue And EPS Beat, Cloud Revenue Up 21%, Large AI Opportunity Ahead
Portfolio Pulse from Chris Katje
Microsoft Corporation (NASDAQ:MSFT) reported Q4 revenue of $56.2 billion, up 8% YoY, beating the Street consensus estimate of $55.47 billion. EPS was $2.69, ahead of the $2.55 estimate. Microsoft Cloud quarterly revenue was $30.3 billion, up 21% YoY. Other highlights include a 12% YoY rise in Office Commercial products and cloud services revenue, a 26% YoY increase in Dynamics 365 revenue, and a 5% YoY increase in Xbox revenue. However, Windows OEM revenue was down 12% YoY. For the full fiscal year, Microsoft's revenue was $211.9 billion, up 7% YoY.
July 25, 2023 | 8:21 pm
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Microsoft's Q4 results beat estimates with revenue and EPS both exceeding expectations. However, the company's shares are down 1.66% in after-hours trading.
Despite Microsoft's strong Q4 results, the company's shares are down in after-hours trading. This could be due to a variety of factors, including market sentiment, broader market trends, or investor expectations. However, the strong results could potentially lead to a rebound in the stock's price in the near term.
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