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Microsoft, earnings and cloud growth
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Microsoft’s earnings report includes signs that AI-revenue growth is accelerating and that spending on data centers will continue.
Investors want to see that the cloud giants are justifying their massive capex. Google just did that.
Microsoft surged in premarket trading on Thursday following a blowout quarter.
Microsoft beat expectations with its cloud growth and its forecast for that part of the business — even though it doesn't have enough capacity to meet Azure demand. CFO Amy Hood talked up the company's focus on "efficiency gains,
Microsoft has posted strong quarterly earnings, surpassing expectations with significant growth in its cloud computing platform and a boost in paid AI users.
Microsoft's stock soars after strong earnings, but it remains unlikely to be the largest company by market cap on August 31 at 0.2% YES.
Cloud growth is one of the most important metrics to Microsoft investors, and Deutsche Bank analyst Brad Zelnick says Wall Street's "bogey" is likely for 40% to 41% constant-currency growth in Azure revenue.
Brendan Burns, Microsoft technical fellow and a co-founder of Kubernetes. (Microsoft Photo) Microsoft is promising relief to engineers who get woken up at
Wiz, a prominent cybersecurity firm, identified a significant vulnerability in Microsoft’s Azure CosmosDB that could have allowed hackers to compromise numerous cloud customers.
Microsoft's fiscal Q4 revenue of $90 billion topped Wall Street targets, while Copilot reached 30 million paid seats, and an investment in Anthropic delivered a $3.2 billion windfall.