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Submission: On August 01 via api from BE — Scanned from DE
Submission: On August 01 via api from BE — Scanned from DE
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Menu icon A vertical stack of three evenly spaced horizontal lines. Business Insider logo The words "Business Insider" Markets Insider logo The word "Markets Insider". Search markets Search icon A magnifying glass. It indicates, "Click to perform a search". My Watchlist Markets Stocks Indices Commodities Cryptocurrencies Currencies ETFs News Calendar icon An icon in the shape of a calendar. Economic Earnings Search markets Search icon A magnifying glass. It indicates, "Click to perform a search". Search icon A magnifying glass. It indicates, "Click to perform a search". Markets Insider logo The word "Markets Insider". Close icon Two crossed lines that form an 'X'. 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Instagram icon A stylized camera. Business Insider logo The words "Business Insider" * © 2024 Insider Inc. and finanzen.net GmbH (Imprint). All rights reserved. * Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. * Disclaimer * Accessibility * Commerce Policy * * Advertising Policies * Made in NYC * Stock quotes by finanzen.net U.S. Markets Closed DOW 30 -1,21% -494,82 40.347,97 S&P 500 -1,37% -75,62 5.446,68 NASDAQ 100 -2,44% -472,04 18.890,39 gold -0,11% -2,66 2.445,80 oil (wti) -2,17% -1,71 76,92 BTC/USD +0,32% +208,46 64.872,46 Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. * Home * Stocks * Microsoft-stock * News for Microsoft * MSFT Stock Falls as Microsoft Cloud Revenue Disappoints. What’s Going On? MSFT STOCK FALLS AS MICROSOFT CLOUD REVENUE DISAPPOINTS. WHAT’S GOING ON? InvestorPlace Jul. 31, 2024, 07:51 AM InvestorPlace - Stock Market News, Stock Advice & Trading Tips Microsoft (NASDAQ:MSFT) stock is falling 2% in early trading, and the shares are trending on social media and business news websites this morning. The company reported its fiscal fourth-quarter results yesterday after the market closed, and investors focused on the revenue of its cloud unit, which came in slightly below analysts’ average outlook. In the wake of the news, some commentators labeled Microsoft stock “another AI disappointment.” On a positive note, the tech conglomerate’s overall Q4 results did surpass analysts’ overall estimates. CLOUD REVENUE’S SMALL MISS AND OVERALL BEAT The sales of Microsoft’s cloud-computing unit, Azure, increased 29% last quarter versus the same period a year earlier. The firm had previously forecast that Azure’s revenue would climb 30%-31%, excluding currency fluctuations, and some analysts had called for the unit’s revenue to increase more than 30%. The firm noted that, excluding currency changes, Azure’s sales had risen 30% year-over-year (YOY) in the quarter that ended in June. Meanwhile, the firm noted that “AI services” had boosted “its Azure and other cloud services revenue” by eight percentage points YOY. The latter data point shows that AI is indeed contributing meaningfully to the firm’s financial results. The software giant generated earnings per share of $2.95 last quarter versus analysts’ average estimate of $2.94. Its top line came in at $64.7 billion, above the mean estimate of $64.5 billion. MSFT STOCK: WHAT TO WATCH GOING FORWARD The owners of MSFT stock should try to determine the extent to which stronger demand for Microsoft’s AI software and services is likely to lift the firm’s financial results. They should also keep an eye on the overall growth of the PC and cloud computing sectors since Microsoft’s financial results are closely tied to the performance of those two sectors. Heading into today, the shares had dropped 8% in the last month, but they were up 12.5% in 2024. On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer. MORE FROM INVESTORPLACE * Legendary Investor Predicts: “Forget AI... THIS Technology Is the Future” The post MSFT Stock Falls as Microsoft Cloud Revenue Disappoints. What’s Going On? appeared first on InvestorPlace. SHARE THIS POST FACEBOOK TWITTER EMAIL COPY LINK MICROSOFT NEWSMORE 3 Machine Learning Stocks That Could Make Your Summer Unforgettable InvestorPlace 4h Buy Rating Affirmed: Microsoft’s Strong Cloud and AI Growth Trajectory TipRanks 8h Microsoft’s Strong Growth in Cloud and Gaming Justifies Buy Rating and Raised Target Price TipRanks 10h Buy Rating Affirmed for Microsoft on Strong Revenue and AI Cloud Services Demand TipRanks 10h Buy Rating Affirmed: Microsoft’s Strong Financials and AI Focus Drive Positive Outlook TipRanks 10h The Top 3 AI Stocks to Buy Now: Summer 2024 InvestorPlace 21h DAL Stock Alert: Delta Braces for $500 Million Hit From CrowdStrike Outage InvestorPlace 22h Nancy Pelosi Sold 5,000 Shares of Microsoft (MSFT) Stock InvestorPlace 22h Start Trading >> Plus500. 80% of retail CFD accounts lose money Your Market View Name Price +/- % Date TSLA 216.25 -0.64 -0.30 08/01/2024 05:48:55 PM AAPL 218.70 0.33 0.15 08/01/2024 05:49:59 PM MSFT 415.20 -1.87 -0.45 08/01/2024 05:49:03 PM NFLX 624.10 -0.36 -0.06 08/01/2024 05:42:28 PM SPOT 335.60 -0.99 -0.29 08/01/2024 04:36:36 PM Powered By 10 BOE's Bailey on Rate Cut, Inflation, and the Pound Share Next Stay RELATED STOCKS MSFT 418.71 0.36 (0.09%) 11:33:38 AM Disclaimer Get real-time MSFT charts here >> Find News News GO Follow us on: See also: Indices * Dow Jones * S&P 500 * Nasdaq 100 * Nasdaq Composite * FTSE 100 * Nikkei 225 * DAX 40 * Hang Seng * Kospi * S&P TSX Composite Index * ASX * US Dollar Index * Stock Indices * Dow Futures * Dow Jones Market Movers Commodities * Gold Price * Oil Price * Silver Price * Copper Price * Cotton Price * Heating Oil Price * Aluminum Price * Natural Gas Price * Realtime Commodity Prices Currencies * EURO DOLLAR * Bitcoin Price * ETH USD * CAD USD * PESO USD * POUND USD * USD INR * Currency Converter * Exchange Rates Stocks * Google Stock * Meta Stock * Amazon Stock * Tesla Stock * Dow-Stock * Premarket * Stock Market News See more - Explore more categories * *© 2024 Insider Inc. and finanzen.net GmbH (Imprint). 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