Microsoft’s $51.9 billion quarter: What’s up, what’s down and what’s struggling

In a rare disappointment for Wall Street, Microsoft reported revenue of $51.87 billion in the fourth quarter, compared with $46.15 billion a year earlier. The tech giant that has consistently beat Wall Street expectations in recent years. In terms of profit, the company reported a fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations of $2.29 per share. Microsoft had already lowered its profit and sales estimates in early June based on what it described as “unfavourable” changes in the foreign exchange rate as the US dollar surged. However, the strong guidance helped soothe analysts’ fears with Microsoft’s stock jumping almost 5% after the earnings announcement. Here are key takeaways from Microsoft’s Q4 earnings.

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