Microsoft showed growth higher than the forecasts released for the first quarter of the year. The technology company achieved a net profit of US$ 22,2 billions standing out in the Intelligent Cloud solution. The performance of ChatGPT's partner also favored the increase in the company's shares in 4% in pre-market negotiations, held this Tuesday, 24.
Microsoft released its fiscal data reporting indicators above the Refinitiv consensus and financial experts. Like this, big tech made a profit of US$ 2,99 per share and total revenue of US$ 56,52 billion. The forecast, although, US$ profit era 2,65 per share and revenue of US$ 54,50. This represents 13% increase only in revenue during the period analyzed, since in the same quarter of 2022 the company achieved revenue of US$ 50,12 billion.
Cloud Microsoft stands out against Google
The Intelligent Cloud sector was mainly responsible for the profit achieved by Microsoft this quarter. Of the gross total of US$ 56,52 billion, US$ 24,26 billion came from this segment, showing an increase in 19% compared to the same period of the previous year. This number also exceeded Street Account expectations, which projected US$ 23,49 billion.
A Alphabet, parent company of competitor Google, did not have the same performance as cloud services. Despite achieving Refinitiv consensus on profit and revenue, The company's revenue in this segment was below expectations. Frustrating the market, Google shares were pulled down making a profit of US$ 1,55 per share.
Even so, the company had a growth of 11% in relation to the quarter of 2022 and achieved revenue of US$ 76,69 billion. Refinitiv's forecast was slightly less, stipulated in US$ 75,97. Alphabet's net profit for the quarter, nonetheless, remained in US$ 19,96 billion.
Microsoft presents low operating expenses
After data release, the company's CEO, Satya Nadella, highlighted the importance of Intelligent Cloud. For him, this is a growing segment and stated that “the company is still helping customers use the Microsoft cloud to get the most value from their digital spend, boosting operational leverage”.
Yet, according to the company, the increase in profits would be linked to the slow growth in operating expenses. This type of expenditure reached only 1,3%, being the least significant evolution since 2016. Microsoft also claimed growth in 4% in sales of Windows operating system licenses to computer manufacturers.
