May 22, 2022

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Microsoft generated more than $51 billion in sales last quarter – E24

The tech giant has exceeded analysts’ expectations, with sales exceeding $51 billion in the past three months. However, the share is down 6 percent in aftermarket services.

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Microsoft could indicate sales of more than $51.7 billion in the previous quarter. Analysts in advance expected Microsoft to report revenue of about $50 billion in the fourth quarter.

Microsoft finished the trading day down 2.8 percent, but fell sharply in aftermarket services when it presented its results. The stock fell 6 percent immediately after the results were announced, according to Bloomberg.

Earnings were also higher than expected, at $2.48 per share, compared to previously expected $2.32 per share.

The company was able to report lower growth in its Azure cloud service, which is located in a sector where Microsoft faces stiff competition with Amazon, among other things.

Analysts expected the company’s numbers to be boosted by Xbox sales this Christmas and the new game Halo.

Microsoft is one of the first major tech giants to provide numbers this week. On Wednesday, Tesla will come up with its numbers, before Apple follows suit on Thursday. The big event this week is the US Federal Reserve’s interest rate meeting on Wednesday.

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