Bangalore Microsoft is suffering from the strong dollar as well as competition from Amazon and Google in the cloud business. On Tuesday, the world’s largest software company announced fourth-quarter revenue of $51.9 billion after the U.S. market closed, down from nearly $46.2 billion in the same period last year. However, analysts had expected 52.4 billion, according to Refinitiv data.
Net income rose to $16.7 billion from just under $16.5 billion. Microsoft shares initially fell three percent after the stock market. Prior to the publication of the latest business figures, it had lost roughly a quarter of its value over the course of the year.
At the beginning of June, Microsoft lowered its own expectations for the quarter in terms of profit as well as sales, already referring to the strength of the dollar. The Group generates about half of its sales outside the USA.
