Reporter Yang Yang
Cloud business drags Microsoft's latest quarterly revenue than expected.
After the US Eastern Time on July 26, Microsoft announced the fourth fiscal quarter of the fiscal quarterly fiscal quarter of the fiscal year as of June 30. In the fourth quarter, Microsoft's revenue was US $ 51.87 billion, which was lower than the analyst's expected US $ 52.45 billion, a year -on -year increase of increased year -on -year increase 12%, the minimum growth rate since September 2020; net profit was 16.74 billion US dollars, a year -on -year increase of 2%, and it was also a new low in the past two years.
After Microsoft diluted, the earnings per share (EPS) were $ 2.23, an increase of 3%year -on -year, and below the analyst's expectations of $ 2.29. According to US Consumer News and Business Channel (CNBC), this is the first time that Microsoft's earnings per share have been lower than market expectations since 2016.
Microsoft said that the performance of this quarter was affected by many factors, including the interruption of supply chain in some areas, the reduction of the business in Russia and the turbulence of the digital advertising market.
Previously, Microsoft had a performance guidelines due to exchange rate fluctuations. The company said that the strong dollar of dollars means that Microsoft's sales profits in overseas are low, and the company's revenue has reduced its company's revenue by 595 million US dollars in the quarter.
From the perspective of business, Microsoft's three major businesses -cloud business, productive forces and business process business and personal computer business, the growth rate of revenue has slowed down from the previous quarter.
The Microsoft's Intelligent Cloud, including Azure Public Cloud, GitHub, and Windows & Nbsp; Server and other server products, realizing revenue of US $ 20.91 billion, an increase of 20%year -on -year, lower than Wall Street prediction of US $ 21.1 billion. Among them, Azure and other cloud service revenue increased by 40%year -on -year this quarter. The average growth rate of analysts was 43%, while the department increased by 46%year -on -year in the previous quarter.
Microsoft CEO Satya Nadella said at a conference call with analysts that the number of Azure contracts in this quarter reached more than 10 million, and the contract was worth $ 1 billion.
Productivity and business process business (Productivity and Business Processes) revenue was 16.6 billion US dollars, an increase of 13%year -on -year, and a year -on -year increase of 17%in the previous quarter. Among them, Office commercial products and cloud service revenue increased by 9%year -on -year, Office & Nbsp; 365 commercial income increased by 15%year -on -year, Office consumer products and cloud service revenue increased by 9%year -on -year, LINKEDIN revenue increased by 26%year -on -year, Dynamics & nbsp; 365 income increased by 31%, 365 Dynamics products and cloud service revenue increased by 19%. The growth rate was lower than the previous quarter.
Personal computer business, including Windows operating systems, advertising, equipment and games, to achieve revenue of US $ 14.36 billion, an increase of 2%year -on -year, and an increase of 11%in the first quarter.
In addition, after Russia and Ukraine's conflict, Microsoft decided to shrink Russia's business, therefore generated $ 126 million in operating expenditures.
Recently, the digital advertising market has been turbulent, and Microsoft's advertising business has also been affected. The company said that online advertising expenditure decreased this quarter, which led to a decrease of LinkedIn and other advertising revenue by more than $ 100 million.
It is worth noting that NETFLIX announced this month that Microsoft has launched a new advertising subscription model as its global advertising sales and technical partners.
To cope with the economic recession, Microsoft is also one of the companies that "tighten the trouser belt". Earlier, Microsoft said that the company will significantly reduce the number of vacant positions, and the Azure cloud business and security software departments will slow down the recruitment speed. Microsoft said that the employee's dismissal fee brought by business reorganization this quarter reached $ 113 million.
Despite the severe economic situation, Microsoft still reiterated its predictions for fiscal 2023 three months ago. Amy Hood, the financial director of Microsoft, said at the call meeting with analysts: "Based on a fixed exchange rate and US dollar, the company's operating income will achieve double -digit growth."
Hu De also said, "In the changing macro environment, we have seen strong demand and obtained market share. The business booking volume increases by 25%. At the beginning of the year, the company will continue to work in balance operation and key strategic fields to promote future revenue growth. "
As of the closing of the US stock market on the 26th, Microsoft fell 2.68%to close $ 251.9, rising nearly 4%after the market.