Microsoft stock jumps 5% as cloud growth drives earnings and revenue beat
Azure revenue reached $33.17 billion, and Microsoft said the disclosure will make its cloud business easier to compare with Amazon Web Services and Google Cloud.
- On Wednesday, Microsoft reported $92.3 billion in revenue for the first quarter of its 2027 fiscal year, marking the start of a new financial year for the software maker.
- The company introduced a new financial reporting structure, splitting businesses into Agents and Infra and Devices and Consumer, to clarify cloud performance against rivals Amazon Web Services and Google Cloud.
- Azure revenue surged 48 percent to $33.17 billion, while capital expenditure reached $45.2 billion to secure hardware and energy for AI technologies.
- Shares of Microsoft rose about 4 percent in extended trading on Wednesday, surpassing cloud revenue expectations despite broader Wall Street unease over debt-fueled spending.
- While Big Tech is expected to pump more than $700 billion into AI infrastructure this year, Microsoft remains the only hyperscaler projected to stay cash flow positive next year.
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Microsoft has good news for shareholders: Revenue and earnings were higher than expected in the last quarter. The stock increases significantly, the trend continues, the price could rise to a record high.
Microsoft's Big Bets on AI Start to Pay Off
Microsoft Corp. reported better-than-expected cloud revenue, suggesting the company continues to reap the benefits of its massive investment in artificial intelligence. Sales at Azure were up 48%. Revenue from a commercial deal with OpenAI totaled $10 billion. Bloomberg's Ed Ludlow and Anurag Rana of Bloomberg Intelligence report. (Source: Bloomberg)
The technology giant's sales totalled $92.3 billion in the third quarter, representing an annual increase of 19%.
Microsoft hits 10 quarters of record- breaking revenue in a row
Whatever the future of AI might be, the current situation is still very good for Microsoft. The tech giant reported yet another record for quarterly revenue on Wednesday: $92.3 billion, a 19% increase over the year-ago quarter.
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Reformatorisch Dagblad
dagelijksestandaard.nlTech company Microsoft also made a lot of money from its cloud branch last quarter. Demand for artificial intelligence (AI) services continued to increase and brought the Azure cloud division, the largest in the world after Amazon's, almost half as much revenue. The total revenue of the American group grew by 19 percent, to more than 92 billion dollars.
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