Microsoft reported earnings after the bell. Here are the results.
Earnings: $2.48 vs $2.31 per share, adjusted, as expected by analysts, according to Refinitiv.
Revenue: $51.73 billion vs $50.88 billion as expected by analysts, according to Refinitiv.
After two consecutive quarters of revenue growth of over 20%, analysts expect a slowdown to 18% in the fiscal second quarter. That would bring the company back in line with its performance over the prior two and a half years.
Microsoft’s Intelligent Cloud segment, which contains the Azure public cloud, GitHub and server products such as Windows Server, generated $18.33 billion in revenue. That works out to 25.5% growth, and it’s a bit more than the $18.30 billion consensus among analysts surveyed by StreetAccount.
Revenue from Azure and other cloud services grew 46%. The expectation was 46%, according to a CNBC survey of 15 analysts, while analysts polled by StreetAccount had been looking for 45.3% Azure growth.
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