Microsoft turns in slightly lower than expected Q4 revenues

Microsoft revealed slightly lower than expected revenues in the fourth quarter of its trading year, sending the stock lower in after-hours trading.

The tech giant saw revenues increase 12% year-on-year to $32.47bn - just shy of the $32.51bn predicted by analysts.

On the other hand, Microsoft recorded quarterly earnings of $1.10 per share, a touch ahead of the $1.09 expected on the Street.

While Microsoft did not disclose exact revenues from its Azure cloud business, the Washington-based company said revenues had grown 76% during the quarter and added that its intelligent cloud business, which includes Azure, enterprise services, SQL Server and Windows Server, posted revenues of $9.38bn, beating estimates of $9.28bn.

Microsoft's personal computing division turned in revenues of $12.99bn - also below the $13.08bn predicted by analysts.

Elsewhere, Microsoft said it recorded a 48% jump in revenues to $9bn in its commercial cloud business unit and revealed that its productivity and business process segment had recorded revenues of $10.10bn - a touch above the $10.09 forecast.

As of 1000 GMT, Microsoft shares had fallen 3.12% in after-hours trading to $103.06 each.