Microsoft’s results were affected by the economic situation of the last quarter, but the good resistance of its activity in the cloud (remote computing) reassured investors.
The computer giant on Tuesday posted revenue of $52 billion for the fourth quarter of its staggered fiscal year, up 12% from a year earlier.
Its net profit stood at 16.7 billion, a very slight increase (+2%).
unfavorable exchange rate
In its press release, the US group points out that unfavorable exchange rates deprive it of 595 million dollars of income.
The record level of inflation, problems in the supply chain, the closure of factories in China due to Covid and the war in Ukraine are factors that have weighed on the company’s accounts.
His personal computing activity thus shows 14.4 billion dollars on the counter, only 2% more than last year in the same period.
As for video games, Xbox content and services generated revenue 6% less year over year.
Microsoft’s results “come below Wall Street expectations, but underlying cloud and orders metrics are strong,” Wedbush Securities’ Dan Ives said in a note.
Decreased video game activity
The Redmont Group (Northwest) share gained 3.87% during electronic trading after the close of trading.
According to CFO Amy Hood, quoted in the statement, Microsoft generated $25 billion in revenue from the cloud, up 28%.
Revenue from Azure, Microsoft’s remote computing platform, increased 40% year over year, or 46% at constant exchange rates, a comparable performance to the previous two quarters.
“Microsoft’s growth DNA is the cloud,” said Dan Ives. “And it looks like Azure’s growth will continue for months to come despite the economic hurdles.”
With a market share of 21%, it is the second cloud service provider in the world, behind Amazon’s AWS (33%) and ahead of Google Cloud (8%), according to figures from the consultancy firm Canalys. the first quarter of 2022.
Microsoft, like many other technology companies, had indicated over the past quarter that the pace of recruiting would slow, especially for teams running its Office suite of computers or the Windows operating system.
Source: BFM TV
