Microsoft Earnings Q4 2022

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ethomaz

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Microsoft misses estimates, cites exchange rates and 'deteriorating' PC market.

Microsoft shares fell 1% in extended trading after the software maker reported fiscal fourth-quarter results that failed to reach Wall Street consensus.
Here's how the company did:
  • Earnings: $2.23 per share, adjusted, vs. $2.29 per share as expected by analysts, according to Refinitiv.
  • Revenue: $51.87 billion, vs. $52.44 billion as expected by analysts, according to Refinitiv.

Microsoft's revenue increased by 12% year over year in the quarter, which ended on June 30, compared with 18% growth in the previous quarter according to a statement. Net income moved up 2% to $16.74 billion.
The biggest challenge in the quarter stemmed from worsening foreign-exchange rates. Microsoft said that reduced revenue by $595 million and earnings by 4 cents per share. In June, Microsoft reduced its quarterly income and revenue guidance guidance for income and revenue just because of rate fluctuations.
Microsoft's Intelligent Cloud segment, which includes the Azure public cloud for application hosting, SQL Server, Windows Server and enterprise services generated $20.91 billion in revenue. That was up 20% and below the consensus of $21.10 billion among analysts polled by StreetAccount.
The company said revenue from Azure and other cloud services grew by 40%, compared with 46% in the prior quarter. Analysts surveyed by CNBC had expected 43.1%, while the consensus estimate from StreetAccount was 43.4%. Microsoft does not disclose Azure revenue in dollars.
Click to expand...

More data here:

 
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Dr Bass

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Not surprising to me. The company itself is doing great, but gaming is down. And I can pick up an Xbox Series X anywhere in the US right now it looks like, so it's not a hardware shortage. As I've said (along with many, many others) content matters. You need to have the games. Give us something to play.

Hardware and services down. Curious where GP stands right now.

Also 7% is not "slight. Also, like we've been saying, the parent company is subsidizing the gaming side's acquisitions.

Start putting out a steady list of terrific games and those numbers will go up.
 
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Remij

Remij

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2nd best quarter ever and they ain't putting out any games :ROFLMAO:

Once the bangers start hitting.. :cool:
 
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Bodycount611

Bodycount611

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how long until Series X + 2 free games of your choice for $299 like they did with the Xbox One?

already seeing series X for $449 (or $50 off) in stock everywhere.
 
Lord Mittens

Lord Mittens

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well if you have no first party releasing then what's the point.

Regardless of declined figures... It is still A LOT of money.
 
Yurinka

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Did they specify the growth of GP subs? Did they mention the number of active subs?

Because if they don't specify the number maybe it grew in 23 subscribers.
 
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