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DYNAMICS GROWTH SLOWS TO 19% Featured

Dynamics revenue growth by 19 percent for the fourth quarter June 30, up 12 percent in constant currency. Microsoft this week attributed the result to “lower-than-expected growth in new business even as our cloud growth continues to outpace the market.”

As usual, the big factor in Dynamics growth was Dynamics 365 whose revenue rose by 31 percent year-over-year, 39 percent in constant currency. Microsoft did not release any actual revenue figures for the product line. The rate of growth compared to 22 percent for the third quarter and 25 percent in constant currency. The big difference was the strengthening of the U.S. dollar which switched results from currency gains the prior quarter to a currency loss for the most recently ended period. The change marked a deceleration from the second quarter ended December 31 when Dynamics revenue had increased by 29 percent, Dynamics 365 revenue by 40 percent. A decline in revenue from Microsoft Consulting Services  led to a 5-percent rise in Enterprise Services, 8 percent in constant currency. The big growth was in Azure and other cloud services where income jumped 40 percent, 46 percent in constant currency. Despite the slowdown in some areas, Microsoft still reported revenue of $198.27 billion for the recently ended year, a rise of 18 percent from $168.09. billion for fiscal 2021 and increasing 12 percent to $51.87 billion from $46.15 billion for the fourth quarter.

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