(San Francisco) Microsoft’s results suffered from the economic situation during the past quarter, but the good resistance of its cloud activity (remote computing) reassured investors.
Posted at 8:39 p.m.
The computer giant on Tuesday released revenue of $52 billion for the fourth quarter of its staggered fiscal year, up 12% year-on-year.
Its net profit stood at 16.7 billion, a very slight increase (+2%).
In its press release, the American group notes that the unfavorable exchange rates deprive it of 595 million dollars of income.
Record inflation, supply chain issues, factory shutdowns in China due to COVID-19 and the war in Ukraine all weighed on the company’s accounts .
Its personal computing activity thus displays 14.4 billion dollars on the counter, only 2% more than last year at the same period.
In terms of video games, Xbox content and services generated revenue down 6% year-on-year.
Microsoft’s results “are below Wall Street expectations, but the underlying indicators for cloud and orders are strong,” reacted Dan Ives of Wedbush Securities, in a note.
The title of the group of Redmont (north-west) took 3.87% during electronic trading after the close of trading.
According to Chief Financial Officer Amy Hood, quoted in the statement, Microsoft generated $25 billion in revenue from the cloud, up 28%.
Revenue from Azure, Microsoft’s remote computing platform, jumped 40% year-on-year, or 46% at constant currency, a performance comparable to the previous two quarters.
“The DNA of Microsoft’s growth is the cloud,” assured Dan Ives. “And Azure’s growth looks set to continue in the months ahead despite economic headwinds. »
With 21% market share, it is the second cloud service provider in the world, behind Amazon’s AWS (33%) and ahead of Google Cloud (8%), according to figures from the consulting firm. Canalys studies for the first quarter of 2022.
Microsoft, like many other technology companies, had indicated during the past quarter that the pace of recruitment would slow down, especially for teams dealing with its Office computer suite or the Windows operating system.