04:44 PM EDT, 07/30/2024 (MT Newswires) -- Microsoft ( MSFT ) late Tuesday reported stronger-than-expected fiscal fourth-quarter results, though intelligent cloud revenue missed Wall Street's estimates.

Per-share earnings increased to $2.95 during the three months ended June 30 from $2.69 a year earlier, higher than the GAAP consensus on Capital IQ for $2.93. Revenue rose 15% to $64.73 billion, exceeding the Street's $64.44 billion view.

The intelligent cloud segment's sales jumped 19% annually to $28.52 billion, driven by a 29% surge in cloud-computing platform Azure and other cloud services, Microsoft ( MSFT ) said. The overall division revenue, however, fell short of the $28.72 billion estimate among analysts on Visible Alpha.

Microsoft's ( MSFT ) shares were down 6.1% in after-hours trading.

The productivity and business processes division reported an 11% sales increase to $20.32 billion, buoyed by gains in Office 365 commercial and LinkedIn.

Revenue in the "more personal computing" unit increased 14% to $15.9 billion due to gains in Windows and Xbox, weighed down by an 11% slide in devices revenue.

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