Microsoft’s stock rises on solid earnings and revenue beat, with Azure growing 48%
Microsoft reported earnings per share of $4.89, significantly exceeding analyst expectations, driven by robust Azure cloud infrastructure growth of more than 48%. The strong quarterly results pushed the company's stock up approximately 4% in after-hours trading, reflecting investor confidence in the company's cloud business performance.
Key points
- Azure cloud infrastructure grew more than 48%
- Earnings per share of $4.89 beat Wall Street forecast
- Stock rose ~4% after hours on earnings beat
- Results driven by cloud business strength
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