Microsoft Q4 Earnings Highlights: Revenue Beat, EPS Beat, Cloud Revenue Up 21% YoY, 'Ensuring We Lead The AI Era'
Portfolio Pulse from Chris Katje
Microsoft reported strong Q4 earnings with revenue and EPS beating estimates. Cloud revenue grew 21% YoY, but Azure growth missed expectations, causing a drop in after-hours trading. The company returned $8.4 billion to shareholders and highlighted its focus on AI leadership.
July 30, 2024 | 8:24 pm
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Microsoft reported Q4 revenue of $64.7 billion and EPS of $2.95, both beating estimates. Cloud revenue grew 21% YoY, but Azure growth missed expectations, leading to a 6% drop in after-hours trading.
Despite strong overall earnings and cloud revenue growth, the miss in Azure growth expectations led to a negative market reaction, causing a 6% drop in after-hours trading. This indicates short-term bearish sentiment.
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