Microsoft dips on weak guidance after beating on earnings
Publishing timestamp: 2024-10-30 16:00:14
Summary
Microsoft's revenue grew 16% in its fiscal first quarter, beating analyst expectations. However, the stock slid 4% in extended trading after the company's forecast for slower growth than expected. Revenue from Azure and other cloud services was up 33%, surpassing estimates. The company is facing challenges with late deliveries of data center infrastructure and increased demand for cloud services. Despite strong performance, investors are concerned about the company's future growth.
Sentiment: MIXED
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Source: https://www.cnbc.com/2024/10/30/microsoft-msft-q1-earnings-report-2025.html