Microsoft (MSFT, Financial) shares fell more than 5% following the release of its latest financial report. The company's Intelligent Cloud segment, which includes Azure public cloud, Windows Server, Nuance voice recognition software, and GitHub, reported fourth-quarter revenue of $25.544 billion. This marks a 19% year-over-year increase, but it fell short of expectations as the previous quarter saw a 20% growth.
Overall, Microsoft reported fourth-quarter revenue of $69.632 billion, a 12% increase compared to the same period last year, surpassing analysts' expectations of $68.865 billion. The company's net profit for the fourth quarter was $24.1 billion, up 10% year-over-year, though this growth rate slightly decreased from the 11% seen in the previous quarter.
