Microsoft slips despite Q1 results beat estimates amid AI-fueled cloud growth

Published 1 week ago Positive
Microsoft slips despite Q1 results beat estimates amid AI-fueled cloud growth
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Investing.com – Microsoft reported better-than-expected fiscal first-quarter results, driven by better-than-expected growth in its cloud segment led by Azure’s strong AI-fueled demand.

Microsoft Corporation (NASDAQ:MSFT) fell more than 3% after-hours following the report.

The company reported Q1 earnings per share (EPS) of $4.13 on revenue of $77.67 billion, topping expectations of $3.66 per share and $75.32 billion, respectively.

Azure, Microsoft’s cloud business, jumped 40% in Q1 from a year ago, beating analyst expectations of about 38%.

Microsoft’s Intelligent Cloud unit, which includes Azure, reported a 28% rise in revenue to $30.9 billion, beating estimates of $30.18 billion.

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