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Microsoft revenue, profit misses analysts' estimates

Two of three major businesses for Microsoft have shown lower operating profits; shares fall 5% in after-hours trade

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Microsoft

Reuters  |  Bengaluru 

Microsoft reported results that fell short of analysts' expectations, showing its high-profile cloud business cannot quite make up for a slowing personal-computer market. Shares fell 5% in after-hours trade to $52.92. Two of Microsoft's three major businesses showed lower operating profits, led by what Microsoft calls its intelligent cloud division, which includes its Azure cloud-services business as well as traditional server software. Despite revenue at Azure more than doubling, revenue in the division grew just 3%. "We would have liked to have seen 7 to 9% ...

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First Published: Fri, April 22 2016. 07:56 IST
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