{"id":15337,"date":"2024-07-30T22:38:36","date_gmt":"2024-07-30T20:38:36","guid":{"rendered":"http:\/\/costops.com\/index.php\/2024\/07\/30\/microsoft-beats-revenue-forecasts-but-poor-performance-of-cloud-services-drags-share-price\/"},"modified":"2024-07-30T22:38:36","modified_gmt":"2024-07-30T20:38:36","slug":"microsoft-beats-revenue-forecasts-but-poor-performance-of-cloud-services-drags-share-price","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/07\/30\/microsoft-beats-revenue-forecasts-but-poor-performance-of-cloud-services-drags-share-price\/","title":{"rendered":"Microsoft beats revenue forecasts but poor performance of cloud services drags share price"},"content":{"rendered":"

Firm\u2019s earnings were up 15% year-on-year, but Azure\u2019s lower returns resulted in share prices falling by as much as 7%<\/p>\n

Microsoft outperformed analyst predictions in its latest quarterly earnings report, revealing on Tuesday that its revenue was up 15% year-over-year. But growth of the company\u2019s closely watched Azure cloud computing services failed to meet expectations and shares in Microsoft fell as much as 7% in after-hours trading.<\/p>\n

The company was expected to report steady growth in its fourth quarter earnings report, mostly on the back of its cloud services. Revenue from those services grew 29%, lower than the 30% to 31% that analysts predicted<\/a>, resulting in a sell-off that exacerbates big tech\u2019s recent market woes<\/a>.<\/p>\n

Continue reading…<\/a>
\nFirm\u2019s earnings were up 15% year-on-year, but Azure\u2019s lower returns resulted in share prices falling by as much as 7%
\nMicrosoft outperformed analyst predictions in its latest quarterly earnings report, revealing on Tuesday that its revenue was up 15% year-over-year. But growth of the company\u2019s closely watched Azure cloud computing services failed to meet expectations and shares in Microsoft fell as much as 7% in after-hours trading.
\nThe company was expected to report steady growth in its fourth quarter earnings report, mostly on the back of its cloud services. Revenue from those services grew 29%, lower than the 30% to 31% that analysts predicted, resulting in a sell-off that exacerbates big tech\u2019s recent market woes. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Firm\u2019s earnings were up 15% year-on-year, but Azure\u2019s lower returns resulted in share prices falling by as much as 7% Microsoft outperformed analyst predictions in its latest quarterly earnings report, revealing on Tuesday that its revenue was up 15% year-over-year. But growth of the company\u2019s closely watched Azure cloud computing services failed to meet expectations …<\/p>\n

Microsoft beats revenue forecasts but poor performance of cloud services drags share price<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":15338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/15337"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=15337"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/15337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/15338"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=15337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=15337"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=15337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}