Microsoft Falls 1% Following Q4 Earnings Miss
2022.07.27 01:09
Microsoft (MSFT) Falls 1% Following Q4 Earnings Miss
By Davit Kirakosyan
Microsoft (NASDAQ:MSFT) shares fell 1% after-hours Tuesday after the software giant reported its Q4 results, with EPS of $2.23 coming in worse than the consensus estimate of $2.29. Revenue grew 12% year-over-year (16% in constant currency) to $51.9 billion, compared to the consensus estimate of $52.43 billion.
Revenue in Productivity and Business Processes grew 13% year-over-year (17% in constant currency) to $16.6 billion, and revenue in Intelligent Cloud grew 20% year-over-year (25% in constant currency) to $20.9 billion. Revenue in More Personal Computing grew 2% (5% in constant currency) to $14.4 billion.
Q4 results were impacted by macroeconomic conditions and other unforeseen events, including unfavorable foreign exchange rate movement, extended production shutdowns in China that continued through May, a deteriorating PC market in June, Russia/Ukraine, etc.
