Microsoft shares surged after its quarterly earnings exceeded expectations.
Analysts praised Microsoft's ability to balance revenue growth and profit margins amid AI investments.
Microsoft stock is surging after its latest earnings report eased investor fears about its AI spending and revenue growth.
Shares of Microsoft (MSFT) were up 15% in recent trading a day after the tech giant topped estimates with its quarterly earnings. The Windows software maker said Wednesday it earned an adjusted $4.74 per share in its fiscal fourth quarter on $90.01 billion in revenue, while ***** ysts had expected $4.25 per share and $87.7 billion in revenue.
The company reported Intelligent Cloud revenue of $39.3 billion, about $1 billion above estimates, as revenue from Microsoft's Azure segment and other cloud services rose 43%. Azure has become a key metric for Microsoft's results as it can indicate the level of demand Microsoft is seeing for cloud computing services from fellow AI companies.
#earnings #shares #quarterly #Growth
Analysts praised Microsoft's ability to balance revenue growth and profit margins amid AI investments.
Microsoft stock is surging after its latest earnings report eased investor fears about its AI spending and revenue growth.
Shares of Microsoft (MSFT) were up 15% in recent trading a day after the tech giant topped estimates with its quarterly earnings. The Windows software maker said Wednesday it earned an adjusted $4.74 per share in its fiscal fourth quarter on $90.01 billion in revenue, while ***** ysts had expected $4.25 per share and $87.7 billion in revenue.
The company reported Intelligent Cloud revenue of $39.3 billion, about $1 billion above estimates, as revenue from Microsoft's Azure segment and other cloud services rose 43%. Azure has become a key metric for Microsoft's results as it can indicate the level of demand Microsoft is seeing for cloud computing services from fellow AI companies.
#earnings #shares #quarterly #Growth
2 months ago
