(Reuters) -Microsoft beat Wall Street estimates for fourth-quarter revenue on Tuesday, driven by growth in its cloud services and business software products.
However, growth in its key Azure cloud computing unit came in below expectations, sending its shares down 8% after the bell.
Azure revenue in the quarter ended June rose 29%, below a 30.58% growth estimate from market research firm Visible Alpha.
Total revenue rose 15% to $64.7 billion, compared with analysts’ consensus estimate of $64.39 billion, according to LSEG data.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Sriraj Kalluvila)
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