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07/27/2021, For the tenth consecutive quarter, Microsoft's sales and profit exceeded analysts' expectations.
For the tenth consecutive quarter, Microsoft's sales and profit exceeded analysts' expectations.
Sales in the fourth quarter increased by 21% to $46.2 billion, compared to the $44.3 billion average estimate of Bloomberg polled analysts. Net income increased to $16.5 billion, or $2.17 per share, compared to $1.92 predicted by analysts.
However, investor optimism was dampened by the software giant's cloud-computing business's slowing growth. Following the report, Microsoft shares fell about 2.5 percent in extended trading.
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By YiFor the tenth consecutive quarter, Microsoft's sales and profit exceeded analysts' expectations.
Sales in the fourth quarter increased by 21% to $46.2 billion, compared to the $44.3 billion average estimate of Bloomberg polled analysts. Net income increased to $16.5 billion, or $2.17 per share, compared to $1.92 predicted by analysts.
However, investor optimism was dampened by the software giant's cloud-computing business's slowing growth. Following the report, Microsoft shares fell about 2.5 percent in extended trading.