Technology giant Microsoft Corporation (NASDAQ:MSFT) reported fourth-quarter financial results after market close Wednesday.
Here are the key highlights.
What Happened: Microsoft reported fourth-quarter revenue of $76.44 billion, up 17% year-over-year. The revenue total beat a Street consensus estimate of $73.80 billion according to data from Benzinga Pro.
The company reported fourth-quarter earnings per share of $3.65, beating a Street consensus estimate of $3.37.
Here’s a look at Microsoft’s revenue by reporting segment:
- Productivity and Business Processes: $33.1 billion, +16% year-over-year
- Intelligent Cloud: $29.9 billion, +26% year-over-year
- More Personal Computing: $13.5 billion, +9% year-over-year
The company reported that Microsoft 365 Commercial cloud revenue increased by …