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  • 2 months ago
Microsoft reported fourth-quarter revenue of $76.44 billion, up 17% year-over-year and above the $73.80 billion estimate. Earnings per share reached $3.65, beating the $3.37 forecast. Microsoft's revenue grew across all segments, with Productivity and Business Processes up 16%, Intelligent Cloud up 26%, and More Personal Computing up 9%. Azure and other cloud services grew 39%, lifting total cloud revenue to $46.7 billion, up 27% year-over-year. Microsoft 365 Commercial and Consumer cloud revenues rose 18% and 20%, respectively. CEO Satya Nadella said cloud and AI are driving business transformation across all industries, with the company innovating to support customer growth. He noted that Azure surpassed $75 billion in annual revenue, up 34% year-over-year. Microsoft stock was up 7.2% in after-hours trading.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Microsoft reported fourth quarter revenue of $76.44 billion, up 70% year-over-year,
00:07and above the $73.8 billion estimate.
00:10Earnings per share reached $3.65, beating the $3.37 forecast.
00:15Microsoft's revenue grew across all segments, with productivity and business processes up 16%,
00:20intelligent cloud up 26%, and more personal computing up 9%.
00:24Zuri and other cloud services grew 39%, lifting total cloud revenue to $46.7 billion, up 27% year-over-year.
00:33Microsoft's 365 commercial and consumer cloud revenues rose 18% and 20% respectively.
00:39CEO Satya Nadella said cloud and AI are driving business transformation across all industries,
00:45the company innovating to support customer growth.
00:47He noted that Zuri has surpassed $75 billion in annual revenue, up 34% year-over-year.
00:52Microsoft's stock was up 7.2% in after-hours training.
00:56For all things money, visit Benzinga.com.
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