Microsoft shares slip on light quarterly Azure growth
- Microsoft's Azure cloud business reported revenue growth of 31 percent, missing estimates of 31.8 percent, leading to a 4 percent drop in shares during extended trading.
- Microsoft's total revenue rose 12 percent to $69.6 billion in the fiscal second quarter, surpassing analysts' estimate of $68.78 billion.
- Microsoft's capital expenditures reached $22.6 billion, exceeding the consensus estimate of $20.95 billion, according to data from Visible Alpha.
- Microsoft reported a profit of $3.23 per share, beating expectations of $3.11 per share.
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61 Articles
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Center
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Coverage Details
Total News Sources61
Leaning Left6Leaning Right4Center10Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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