Cloud business is growing slower: Microsoft disappointed investors

Between April and June, the group redeemed a total of 38 billion dollars in sales, of which 1.46 dollars per share profit remained the bottom line is that left.

Cloud business is growing slower: Microsoft disappointed investors

Between April and June, the group redeemed a total of 38 billion dollars in sales, of which 1.46 dollars per share profit remained the bottom line is that left. In the run-up, analysts had forecast a profit per share of 1.38 US Dollar with a turnover of 36.5 billion dollars. Microsoft delivered according to "Seeking Alpha" in the past two years, without exception, higher profits than expected. In sales, the group beat expectations in 88 percent of cases. Microsoft 182,84 EUR 1,68 (+0,93%) Tradegate

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In the past stock exchange year, Microsoft - with $ 1.6 trillion market capitalisation, the second-most valuable stock exchange group in the world after Apple to the big winners. In spite of the Corona-crisis and the temporary stock market crash has put Microsoft's stock since the beginning of the year by 33.5 per cent. The papers grew more than the Tech index, the Nasdaq 100, which has risen in the previous year to 23.9 percent.

in Spite of the unexpectedly high profits, the market reacted disappointed to the quarterly balance sheet. After hours, Microsoft shares dropped by a good three percent to about 204 dollars. Thus, the title of maneuvering still close to the record highs of $ 216. Behind the moderate rate of fall could be in the Cloud division. Although Microsoft redeemed here, too, with 13.3 billion dollars more than expected - but the important Cloud business, Azure, slowed the growth of 59 per cent in the previous quarter to only 47 percent.

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Updated Date: 23 July 2020, 01:26

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