MSFT
📈 Microsoft reported higher-than-expected quarterly sales and earnings, driven by robust demand for its cloud services despite economic uncertainties.
☁️ The Azure cloud unit saw a significant 33% revenue increase, surpassing Wall Street estimates of 29%, indicating sustained momentum in cloud computing.
🤖 Artificial intelligence initiatives contributed significantly to Azure’s growth, accounting for 16 percentage points, up from 13 points the previous quarter, highlighting AI’s growing impact.
@bernardodegarcia:
“Mr. Softy’s actions are rising after the company reported higher-than-expected quarterly sales and earnings growth. This suggests that customer demand for cloud services has remained stable despite tariff concerns and economic turbulence. TD Cowen was saying, ‘Oh, but Microsoft is canceling data centers. Sell, sell, sell.’ Ay! Total revenues in the third quarter increased by 13% to $70.1 billion, while adjusted earnings were $3.46 per share, the company said. Analysts expected $68.5 billion in sales and earnings of $3.21. The Azure cloud unit, which sells computing power and other services, recorded a 33% revenue increase in the quarter, beating Wall Street estimates of 29%. The company attributed 16 percentage points of Azure’s third-quarter growth to AI, compared to 13 points in the previous quarter, and said that a new commitment to OpenAI’s AI cloud helped boost these bookings.”
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