MSFT Stock Gains 3% After-Hours As AI Demand Powers Q1 Cloud Revenue, Q2 Guidance Beat With Positive Cash Flows
Microsoft Corp. delivered strong fiscal first-quarter results, driven by accelerating enterprise AI demand and robust cloud sales. Azure cloud infrastructure revenues surged 48% year-over-year, propelling total Microsoft Cloud sales up 30% to $63.9 billion. First-quarter overall revenue expanded 19% to $92.3 billion, while adjusted diluted earnings per share reached $4.89, outperforming analyst forecasts. Capital investments … Read more