Microsoft forecasts strong growth for Azure cloud unit
10 Articles
10 Articles
Microsoft Azure forecast beats expectations, shares jump 7 per cent amid AI boom
Microsoft’s stock soared over 7 per cen in after-hours trading on Wednesday, adding more than USD 200 billion to its market value, after the tech giant announced better-than-expected growth projections for its Azure cloud computing business. The news comes as a welcome relief to investors concerned about global economic uncertainty and a possible slowdown in AI-driven demand. Azure posts 33 per cent growth, AI drives momentum Microsoft reported …
Microsoft forecasts strong growth for Azure cloud unit
Microsoft has forecast stronger-than-expected quarterly growth for its cloud-computing business Azure after blowout results in the latest quarter, calming investor worries in an uncertain economy and lifting its shares 7% after hours on Wall Street.
Microsoft anticipates good growth for Azure cloud business, shares soar 7%
In a stunning display of corporate resilience, Microsoft (NASDAQ: MSFT) has silenced doubters with blockbuster quarterly earnings that sent shares soaring 7% in after-hours trading. The tech giant’s cloud division delivered 33% revenue growth – significantly outpacing analyst expectations of 29.7% – adding a staggering $200 billion to Microsoft’s market valuation in a single trading session. Key Performance Highlights: Azure revenue growth acce…
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