Microsoft’s cloud revenue – the stock falls in the late trade

Microsoft reported its financial statements on Wednesday. Although it is the latest quarter of 2024, Microsoft considers it the second quarter of its finance year, which begins in July each year. In the quarter, the company recorded $ 69.6 billion in revenue, compared to the expectations of analysts who charged $ 68.8 billion in revenue.

The coordinated profit (Non -GAAP) is $ 3.23 – compared to the forecast that overlooks $ 3.11 per share. In the corresponding quarter last year, Microsoft reported $ 62 billion and $ 2.93 per share. After publishing a stock report Microsoft Downs 5% in the late Wall Street trading.

Revenues from the cloud division were disappointed and stood at $ 25.5 billion, slightly below viewers, $ 25.9 billion. Azure service growth and general income were $ 40.98 billion compared to a $ 41.1 billion expectation.

A windy week in markets

Microsoft reports are coming towards the end of a week -old capital market, and a storm that has made the Chinese artificial intelligence company. The jolt also came to Microsoft’s stock that erased 5% of its value in one day. Later in the stock that will recover, and has completed a 7% increase since the beginning of the year, on the eve of the report. In an annual look, Microsoft’s share grew 10% – lower than a stock performance Amazon ; Recorded a 50% increase in the past 12 months, or Alpine (Google) Climbed 28%.

Microsoft tests with OpenAi, in which it is invested, whether the Chinese Detah has used a prohibited coder code. Last week, days after the launch of Diastra, Microsoft CEO, Satya Nadla, was heard a little different about the new Chinese artificial intelligence, noting that “we have to take the developments from China very seriously,” referring to startups.

Prior to the publication of the night reports, the Cantor Investment Bank recommended the stock on the “over -yield” recommendation. Microsoft trades $ 3.3 trillion, after a 10% increase in stock price in the past year (applause and value data along the article relates to prices before the opening of trading today).