Microsoft reported strong sales growth during its most recent quarter, but a weaker-than-expected guidance for the current quarter muted investor enthusiasm.
The business technology giant said on Tuesday that its sales grew 12% year-over-year to $37.2 billion in the quarter ending Sep. 30. The company said its profits grew 30% to $13.9 billion during the same period.
However, Microsoft said that it would have $39.5 billion to $40.4 billion in sales in its current quarter, which was below analyst estimates of $40.43 billion.
