Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Microsoft shares down after Q1

Software giant Microsoft disappointed the markets as its cloud business, Azure, saw a slowdown in growth, despite expanding 26%. Sales of software for personal computing fell 15%.

Video poster image

(Video Transcript)

Microsoft's fiscal first quarter (Q1) last night beat analyst expectations at the top and the bottom line despite cloud sales growth falling to 20% year-over-year (YoY), which saw shares down 5% in extended trade on the IG platform last night.

These were the numbers coming through from Microsoft's earnings per share (EPS - $2.35. Estimates had been for $2.32. So tick box there. Revenues of $50.1 billion. We've been looking for something just shy of the $50 billion level.

Share price chart

But, Microsoft warned of a marked slowdown in its cloud computing businesses. Large customers pause their spending in the face of a slowing economy and look what damage it did to shares yesterday.

You can see quite clearly in extended trade on the IG platform last night all the way down. $233.92 back into this sloping channel that we've been trading in productivity and business processes. $16.5 billion against $16.1 billion expected.

But it was the cloud business which really did spook the markets last night. This is the Azure business of Microsoft, intelligent cloud business nonetheless rising 26%. But that met estimates of $20.3 billion but sales of software to PC-makers falling 15%, leaving overall revenue from Microsoft's more personal computing division at $14.3 billion, close to forecast.

The end effect of all that was a drop for Microsoft when it closed out yesterday's session, all extended trade on the IG platform.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access
Learn more

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

<h3>How much does trading cost?</h3>
<h3>Find out about IG</h3>
<h3>Plan your trading</h3>

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.