Microsoft’s fourth-quarter revenue increased, beating analysts’ expectations. The software company increased revenue 13 percent year over year to $38 billion. Analysts had amed about 36.5 billion dollars. Microsoft has thus in the 17. We are confident that we will exceed expectations in the second quarter in succession.
Although much of the revenue reported in Microsoft’s annual report is due to its cloud business, the growth of Microsoft’s Azure cloud platform slowed from 59 percent to 47 percent in three months. As a result, the share price fell by more than two percent at times in after-hours trading on Wednesday. On Thursday morning, it naited at 181.22 euros. Apparently, investors had expected higher increases given the increased use of cloud services triggered by increased home offices during the Corona pandemic, and have now been disappointed by the results.
Profits and losses
In the Office segment, Microsoft was able to increase its revenues year-on-year. There, sales of commercial products and cloud services rose by 5 percent, while sales of consumer products increased by 6 percent. In the consumer sector, Microsoft was able to increase the number of Office 365 users to 42.7 million subscribers. Likewise, the career network LinkedIn contributed positively to the overall revenue with an increase of 10 percent.