Microsoft: Decline in Cloud activity raises questions

Written November 3, 2022, 3:53 p.m

If most of the lights are green, the future may not be entirely rosy. Microsoft announced good results in the first quarter, which ended at the end of September. Revenue was $50.12 billion, up 16% at constant exchange rates. Net profit fell less than expected (by 14% to 17.56 billion) to $2.35 per share. stock when the consensus was $2.29.

The Intelligent Cloud division, which oversees server-related products and services, saw its sales jump 26% to $20.3 billion. However, Microsoft CFO Amy Hood said growth in that business would slow by 5 percentage points in the current quarter. Which raises questions, because this segment is driving growth.

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