The proceeds of the Cloud Azure unit was reinforced by 31%, but at a slower pace than in the previous quarter
Profits and revenue better of market estimates has announced for the second quarter of the use by Microsoft Technological Colossus, but the slower growth of the Cloud Azure unit disappointed analysts, with the result that the company’s share is 4% in the post -Trade Transactions market.
Technological giant announced overall revenue of $ 69.6 billion For the quarter ended in December, 12% increased compared to the same period last year, surpassing analysts’ converging estimates of $ 68.78 billion, according to LSEG.
The company also presented profits better to expectations as they amounted to $ 3.23 per shareagainst estimates for $ 3.11 per share.
Despite the company’s overall good performance, however, revenue from the Cloud Azure unit disappointed as they were 31%, compared to 31.8% of Visible Alpha, slowing down 33% of the previous quarter.
Lower of the expectations were the revenue of the company’s Intelligent Cloud unit, which includes the Azure platform, as they were $ 25.54 billion, while analysts were expecting $ 25.76 billion revenue.
Meanwhile, Microsoft capital spending amounted to $ 22.6 billion, significantly higher than analysts’ estimates for $ 20.95 billion costs, according to Visible Alpha.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.