Investing Club: Microsoft's cost-saving investments made up for its weaker-than-expected quarter
Microsoft reported a top- and bottom-line miss with its fiscal fourth quarter of 2022 earnings release after the closing bell Tuesday. But as we've said time and time again, it's all about the conference call with Microsoft, and cost-cutting commentary pushed shares up 4% after-hours, more than making back its 2.7% regular session decline. Revenue of $51.87 billion rose 17% year-over-year on a constant currency basis but missed the consensus estimate on FactSet of $52.36 billion.
Microsoft CEO Satya Nadella speaks during the Next: Economy conference in San Francisco on Nov. 3, 2015.
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