Overall Microsoft's results showed how the coronavirus pandemic has been both positive and negative for the group. The company recorded a $450 million charge in its latest quarter from the retail store closures.
One-time purchases of software have also been curtailed, which caused the company's Productivity software unit to fall slightly short.
However, the company's stock - one of a clutch of high-flying tech stocks that pushed Microsoft's market cap well over $1 trillion - fell by almost 3% in after-hours trading. The company thus easily beat expectations. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.
For the current fiscal quarter, Microsoft expects $35.61 billion in revenue, which is around 8% growth.
Some of the key announcements made during the event include, enhancements to Azure Lighthouse by bringing Multi-Factor Authentication and Privileged Identity Management support; Azure Stack HCI, the latest in Microsoft's hybrid portfolio and now in public preview, that brings hybrid capabilities to customers' datacenters while enabling them to leverage existing skills and investment; and new bundled services for Lenovo Managed Services that are created to help small- and medium-sized businesses support Microsoft software productivity, security, and collaboration.
Chief executive Satya Nadella said Microsoft was equipped to deal with the coronavirus pandemic with its "integrated, modern technology stack". In the previous quarter, Azure revenue jumped 59%. That benefit, however, should drop off in fiscal Q4 2020.
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Shares in the USA computer software company fell back again about 2 for each cent in soon after-sector buying and selling as Wall Road also digested a slowdown in progress for the Azure cloud platform, which has been main to Microsoft's technique in new yrs. Microsoft does not break out exact Azure revenue numbers, likely to avoid comparisons with industry leader AWS. Although it may be seeing more activity from people who've lost their jobs in the last few months, it recently announced it was laying off 960 of its own workers due to lower demand for its recruiting solutions among business customers. Microsoft also noted in its release that "Search was negatively impacted by reductions in advertising spend".
Microsoft says that this future collaboration "is meant to help investors better understand and interpret the business risks and opportunities that climate change brings".
The device - which is termed "Productivity and Business Procedures" and consists of Business products for corporations and customers, LinkedIn revenue and Dynamics items and cloud providers - arrived at $11.75 billion in Q4, missing estimates of $11.9 billion.
"On a significant base, server products and cloud services revenue increased 19 per cent and 21 per cent in constant currency".
Server products and cloud services revenue increased 19 per cent, driven by Azure revenue growth of 47 per cent.
Microsoft's personal computing business - which includes licensing revenue from PC sales, the Xbox gaming platform and Surface laptops - saw sales advance 14% to $12.91 billion. Wall Road experienced envisioned revenue expansion of only 9 per cent and unchanged earnings.