📊 Microsoft posted a solid performance for Q4 2022 driven by its cloud business

Microsoft Corporation has posted better-than-expected results in its FY23 Q2 (three months ended December 31, 2022), driven by strength in the cloud computing division as its revenue rose 22% to $27.1 billion (up 29% in constant currency).

While the company saw weakness in its PC software business, Microsoft posted a solid performance in its cloud computing and enterprise applications categories to beat Wall Street growth estimates.

For its fiscal second quarter ended Dec. 31, Microsoft posted total revenue of $52.7 billion, up 2% from a year ago and a little shy of the Wall Street consensus view of $53.1 billion, but within the company’s guidance range of $52.4 billion to $53.4 billion.