But on a conference call with analysts, Microsoft CEO Satya Nadella said "Microsoft Cloud surpassed $110 billion in annual revenue, up 27% in constant currency, with Azure all up accounting for more than 50% of total for the first time." Microsoft doesn't report quarterly Azure revenue in dollars. Analysts polled by CNBC and by StreetAccount had expected 25% growth from Azure, which competes with Amazon Web Services and Google Cloud Platform. The unit comprises the Azure public cloud, SQL Server, Windows Server, Visual Studio, Nuance, GitHub and enterprise services.Īzure revenue grew 26% during the quarter, faster than the 27% growth in the previous quarter and 40% in the year-ago quarter. Microsoft's Intelligent Cloud segment contributed $23.99 billion in revenue, up 15% and above the $23.79 billion consensus of analysts surveyed by StreetAccount. Net income totaled $20.08 billion, up from $16.74 billion, or $2.23 per share, in the year-ago quarter. Growth has come in under 10% for three consecutive quarters for the first time since 2017. Revenue rose 8% year over year in the fiscal fourth quarter, which ended on June 30, according to a statement. The operating segment featuring the Windows operating system came up short, with Hood seeing $12.5 billion to $12.9 billion in revenue, below the $13.22 billion that analysts polled by StreetAccount had been looking for. The middle of that range, at $54.30 billion, implies 8% growth, and falls short of the $54.94 billion consensus among analysts polled by Refinitiv. On a conference call with analysts, Amy Hood, Microsoft's finance chief, called for $53.8 billion to $54.8 billion in fiscal first-quarter revenue. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Microsoft also has won EU clearance to buy video game company Zenimax and speech recognition company Nuance.ĪP Business Writer Kelvin Chan contributed from London.Best Debt Consolidation Loans for Bad Credit The EU approved Microsoft's plan to buy video game maker Activision Blizzard for US$69 billion, after the company offered to automatically license popular Activision titles like "Call of Duty" for cloud gaming platforms. When Brussels has looked into Microsoft's recent deals, however, the company has prevailed. The commission says opening the investigation in no way determines the outcome.Įurope has led the way in ratcheting up scrutiny of Big Tech companies over worries that theyhave become too dominant. tech giant an unmatched competitive advantage "that is not justified by performance and that competitors like alfaview cannot match." Only last week, the German alfaview video conferencing company added its own complaint over Microsoft Teams, arguing that bundling gives the U.S. Microsoft said in a statement that it respected "the European Commission's work on this case." It added that it would "continue to cooperate with the commission and remain committed to finding solutions that will address its concerns." "This is why we are investigating whether Microsoft's tying of its productivity suites with Teams may be in breach of EU competition rules," she added. We must therefore ensure that the markets for these products remain competitive," said Margrethe Vestager, the EU's antitrust commissioner. "Remote communication and collaboration tools like Teams have become indispensable for many businesses in Europe. Slack, owned by business software maker Salesforce, alleged that Microsoft was abusing its market dominance to eliminate competition - in violation of EU laws - by illegally combining Teams with its Office suite, which includes Word, Excel and Outlook. Read more headlines related to science and technology here.The investigation stems from a complaint filed in 2020 by Slack Technologies, which makes popular workplace messaging software. The European Commission, the 27-nation bloc's top competition enforcer, said it would carry out its in-depth investigation "as a matter of priority." The European Union said Thursday that it has opened an antitrust investigation into Microsoft over concerns that bundling its Teams messaging and videoconferencing app with its Office productivity software gives it an unfair edge over competitors.
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