Microsoft revenue up 12%, but down from last year

In June, Microsoft lowered its quarterly earnings and revenue guidance guidance, due to rate fluctuations.

Microsoft’s intelligent cloud segment, which includes the Azure public cloud for application hosting, SQL Server, Windows Server and business services, brought in $209 billion in revenue but fell short of the $211 billion expected in Wall St.

The company said revenue from Azure and other cloud services grew 40%, compared with 46% the previous quarter.

As for its Productivity segment, which includes Office, Dynamics and LinkedIn software, the company posted $16.6 billion in revenue. That was almost 13% higher than the same period but last year.