Microsoft Stock Price Drops After Strong Earnings Report

Microsoft's stock price is experiencing selling pressure, with shares down 1.96% at $493.96 as of the time of publication on Wednesday.

The company reported fourth-quarter revenue of $90.01 billion, up 18% year-over-year and ahead of the $87.62 billion analysts had expected.

Earnings per share came in at $4.74, topping the $4.24 consensus estimate, with growth across all business segments.

The company's Intelligent Cloud revenue rose 32% year-over-year to $39.3 billion, with Azure and other cloud services revenue climbing 43%, while total cloud revenue reached $59.3 billion, up 27% from a year earlier.