Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share.
It posted revenue of $56.2 billion in the April-June period, up 8% from last year. Analysts had been looking for revenue of $55.49 billion, according to FactSet Research.“Organizations are asking not only how – but how fast – they can apply this next generation of AI to address the biggest opportunities and challenges they face – safely and responsibly,” he said in a prepared statement.
Macquarie analyst Sarah Hindlian-Bowler said investors have been focused on Microsoft’s early revenue from those AI investments, the performance of the Azure cloud computing platform and the likelihood that Microsoft will close its deal to buy video game company Activision Blizzard, which could help boost gaming revenue and drive more users to the Xbox game system and other Microsoft platforms.
“We still expect a successful close as the company works toward an amenable solution that satisfies the U.K.’s concerns,” Hindlian-Bowler said in an analyst note ahead of Tuesday’s earnings. While AI has captivated the attention of the public and investors, Microsoft is also still heavily reliant on its personal computing business centered around the licensing fees paid by the makers of computers running its Windows software.
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