Categories AlphaGraphs, Earnings, Technology
Earnings: Microsoft (MSFT) Q4 earnings rise; revenue up 12%
Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported an increase in fourth-quarter earnings, continuing the recent trend. All three operating segments of the company — the maker of the popular Windows operating system — registered growth.
In the final three months of fiscal 2022, net profit rose to $16.74 billion or $2.23 per share from $16.46 billion or $2.17 per share in the comparable period of last year. The latest number fell short of market’s projection.
During the three-month period, there was a 12% increase in revenues to $51.9 billion. Analysts had predicted a faster growth. Microsoft’s stock dropped on Tuesday evening soon after the earnings announcement.
Check this space to read management/analysts’ comments on Microsoft’s Q2 2022 earning
“We see real opportunity to help every customer in every industry use digital technology to overcome today’s challenges and emerge stronger. No company is better positioned than Microsoft to help organizations deliver on their digital imperative – so they can do more with less.,” said Microsoft’s CEO Satya Nadella.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was