Microsoft profits rise again despite knocks from China, Russia
Microsoft reported poorer than expected fourth quarter results, but still managed to end its FY 2022 rather well.
In the fourth quarter of its fiscal year – the three months to June 30 – the Microsoft reported taking a $300 million hit from Chinese PC production slowdowns and slugged itself $126 million due to"bad debt expense, asset impairments, and severance" caused by quitting its Russian business. It also saw about a $100 million dip in expected advertising bookings on its online properties, primarily LinkedIn, search, and news.
Those charges hardly put a dent in the Windows giant's quarter, which included the following highlights:grew 12 percent on the quarter to $51.9 billion, although Microsoft said the strong US dollar didn't help matters.grew slightly, up two percent to $16.7 billion for the quarter, or over $185 million a day in profit.
Office Commercial and Personal sales grew nine percent and Dynamics 365 revenue was up 31 per cent, helping to drive cloud revenue across the board up 19 percent. LinkedIn's revenues were up 26 percent and Azure had a storming quarter, up 40 percent in revenue terms.
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