Microsoft's report exceeds expectations

The technology giant Microsoft presents a quarterly report that exceeds market expectations.

» Published:

Microsoft's report exceeds expectations
Photo: Samuel Steén/TT

Share this article

The company, which has a broken financial year, reports a profit of 2.95 cents per share for the fourth quarter, which can be compared to the market's expectations of 2.93 cents, according to CNBC.

Revenues increased by 15 percent on an annual basis. The turnover for the quarter amounted to 64.73 billion dollars, which corresponds to approximately 697 billion kronor. Market analysts had expected a turnover of 64.39 billion dollars, according to the analysis firm LSEG.

The company, like several other technology giants, has made large investments in artificial intelligence, which includes, among other things, the cloud service Azure. The segment as a whole, however, missed the analysts' expectations of 28.68 billion dollars in turnover. The income from the cloud services instead amounted to 28.52 billion dollars.

The two segments that include the Office package and Windows, respectively, both exceeded the analysts' expectations in terms of turnover.

Microsoft's share reached a new record level at the beginning of July, but has since declined. In Tuesday's after-hours trading, the share initially fell sharply, but had recovered about half an hour after the report's publication.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Swedes Report Decreased Satisfaction with Banks This Year

Swedes Report Decreased Satisfaction with Banks This Year

Fashion Trade Sales Rise for Third Consecutive Month

Fashion Trade Sales Rise for Third Consecutive Month

Powell's Rate Signal Influences Swedish Households Too

Powell's Rate Signal Influences Swedish Households Too

Asian Markets Rise Despite Weak China Data

Asian Markets Rise Despite Weak China Data

ANZ Bank Faces Record Fines for Bond Deal Misconduct

ANZ Bank Faces Record Fines for Bond Deal Misconduct

Trump Welcomes Foreign Investment and Workforce in the USA

Trump Welcomes Foreign Investment and Workforce in the USA

Government Boosts Support for Sweden's Regional Airports

Government Boosts Support for Sweden's Regional Airports

Klarna CEO: Embracing "Swedishness" as a Key Asset

Klarna CEO: Embracing "Swedishness" as a Key Asset

Handelsbanken Swish Payment Disruption Resolved

Handelsbanken Swish Payment Disruption Resolved

Government Proposes Increased Export Credit Guarantees for Swedish Companies

Government Proposes Increased Export Credit Guarantees for Swedish Companies

AstraZeneca Halts UK Research Facility Expansion Plans

AstraZeneca Halts UK Research Facility Expansion Plans

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Länsförsäkringar Swish Payment Issue Resolved

Länsförsäkringar Swish Payment Issue Resolved

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

France's Credit Rating Downgraded by Fitch

France's Credit Rating Downgraded by Fitch

Microsoft Gains Amid Mixed US Market

Microsoft Gains Amid Mixed US Market

FTC Investigates Google and Amazon Over Advertising Practices

FTC Investigates Google and Amazon Over Advertising Practices

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut