Once again, Microsoft (NASDAQ: MSFT) delivered a strong quarter, driven by its cloud computing segment and growing adoption of Copilot. And for once, the stock surged higher on the news. However, it is still trading down year-to-date and off more than 10% over the past year.
Let's take a closer look at the company's fiscal Q4 results to see if its rally can continue.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Microsoft's cloud computing unit, Azure, once powered its growth, with revenue soaring 43% year over year. It was the 12th straight quarter in which Azure revenue rose by 30% or more, and it surpassed $100 billion for the fiscal year. Demand continues to outstrip capacity, and Azure revenue is projected to accelerate to 45% constant-currency growth in Q1.
Bookings rose 10% and were up 18% when excluding OpenAI. Remaining performance obligations (RPOs), which include future Azure commitments, surged 84% year over year to $678 billion. The company said about 30% of these commitments will be recognized as revenue over the next 12 months. Notably, it said all of the sequential growth it saw came from non-AI model companies.
#azure #once #Growth #down
Let's take a closer look at the company's fiscal Q4 results to see if its rally can continue.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Microsoft's cloud computing unit, Azure, once powered its growth, with revenue soaring 43% year over year. It was the 12th straight quarter in which Azure revenue rose by 30% or more, and it surpassed $100 billion for the fiscal year. Demand continues to outstrip capacity, and Azure revenue is projected to accelerate to 45% constant-currency growth in Q1.
Bookings rose 10% and were up 18% when excluding OpenAI. Remaining performance obligations (RPOs), which include future Azure commitments, surged 84% year over year to $678 billion. The company said about 30% of these commitments will be recognized as revenue over the next 12 months. Notably, it said all of the sequential growth it saw came from non-AI model companies.
#azure #once #Growth #down
3 months ago
