Microsoft stock rises as strong expectations reward lost fourth-quarter earnings

Updated at 6:11pm EST

Microsoft (MSFT) – Get a Microsoft report Weaker-than-expected fourth-quarter earnings posted on Tuesday as a stronger US dollar offset the impact of external demand on the leading cloud computing division.

Microsoft said revenue for Azure, its leading cloud division, was up 40% from a year ago, slowing significantly from the previous quarter’s gains in the mid-to-high 40% range as companies slashed spending on digital infrastructure and the dollar continued to rally in 2017. 2022.

Total group revenue rose 12.4% to $51.87 billion for the three months ended June, Microsoft’s fourth fiscal quarter, missing analyst estimates of $52.45 billion, and reduced company-owned guidance from $51.94 billion to $54.74 billion.

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