Microsoft shares dip after quarterly revenue guidance misses expectations
Publishing timestamp: 2023-07-25 16:00:01
Summary
Microsoft reported lower revenue guidance than expected due to weakness in Windows segment, but Azure cloud revenue growth exceeded expectations. The company's research and development costs declined for the first time since 2016. Microsoft's operating segment featuring Windows fell short of revenue expectations, while the Intelligent Cloud segment, including Azure, performed well. Microsoft's AI services are expected to drive revenue growth in the future. Investors are eagerly awaiting updates on cost-cutting measures and AI investments from other tech giants like Alphabet, Facebook, Amazon, and Apple. Microsoft's acquisition of Activision Blizzard is on track to close, with operating expenses rising partly due to a fine from Ireland's Data Protection Commission.
Sentiment: MIXED
Tickers: MSFT, AMZN, META, AAPL, GOOGL,
Keywords: earnings, satya nadella, business news, breaking news: earnings, technology, alphabet inc, breaking news: technology, apple inc, enterprise, amazon.com inc, microsoft corp, business, meta platforms inc,
Source: https://www.cnbc.com/2023/07/25/microsoft-msft-q4-earnings-report-2023.html