Key Takeaways
- Azure revenue grew 51% year over year, beating analysts' expectations.
- Azure is Microsoft's cloud computing platform, which offers a number tools and services to meet various computing needs of developers.
- Microsoft's cloud platform has benefitted from the acceleration of the adoption of cloud services triggered by the pandemic.
Microsoft Earnings Results | |||
---|---|---|---|
Metric | Beat/Miss/Match | Reported Value | Analysts' Prediction |
Adjusted EPS | Beat | $2.17 | $1.91 |
Revenue | Beat | $46.2B | $44.3B |
YOY Growth in Microsoft Azure Revenue | Beat | 51% | 43.1% |
Source: Predictions based on analysts' consensus from
Microsoft (MSFT) Financial Results: Analysis
Microsoft Corporation (MSFT) reported 澳洲幸运5官方开奖结果体彩网:Q4 FY 2021 earnings that beat analyst expectations. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) came in well above what analysts had forecast, rising 48.6% 澳洲幸运5官方开奖结果体彩网:year over year (YOY). Revenue also surpassed analyst estimates, up 21.3% compared to the year-ago quarter. 澳洲幸运5官方开奖结果体彩网:Microsoft's Azure cloud revenue grew 51% YOY, surpassing expectations. Microsoft does not disclose Azure revenue in dollars in its earnings report. The company's shares fell as much as 3% in after-hours trading. Over the past year, Microsoft's shares have provided a 澳洲幸运5官方开奖结果体彩网:total return of 42.1%, above the S&P 500's total return of 35.9%.
Note that Microsoft's 2021 fiscal year ended June 30, 2021. Its current earnings report is thus for its fiscal fourth quarter, which coincides with the second quarter of the calendar year.
MSFT Azure Revenue
Azure is Microsoft's 澳洲幸运5官方开奖结果体彩网:cloud computing platform, which offers developers, IT professionals, and enterprises a suite of tools and services that can be used for networking, storage, mobile and web application services, artificial intelligence (AI), 澳洲幸运5官方开奖结果体彩网:Internet of Things (IoT), and a range of other computing needs. It captured an approximately 20% share of the $150 billion global cloud market as of the end of Q1 2021. Microsoft's Azure is second only to Amazon.com, Inc.'s (AMZN) Amazon Web Services in terms of global cloud 澳洲幸运5官方开奖结果体彩网:market share.
Microsoft's Azure revenue rose 51% YOY, accelerating slightly from last quarter's pace. The company said that the rise in Azure revenue was due to growth in consumption-based services. Microsoft has been one of the big beneficiaries of companies turning to services that run on the cloud d💯uring the COVID-19 pandemic.
Microsoft Earnings Call Recap
Azure’s sales increase of 51% fell short of some investors' expectations because the growth was partially driven by currency fluctuations. The growth rate slows to 45% without that factor, representing a slowdown from the prior period. During a conference call, Microsoft management made sales and margin forecasts that reassured investors about the company's outlook, pushing the shares higher in extended trading after falling following the report.
Microsoft's next earnings report (for Q1 FY 2022) is estimated to be released on Oct. 25, 2021.
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