Microsoft (MSFT) came out with quarterly earnings of $4.74 per share, beating the Zacks Consensus Estimate of $4.21 per share. This compares to earnings of $3.65 per share a year ago.
Microsoft cloud unit grew at the fastest pace in four years, suggesting that the company's computing infrastructure and artificial intelligence services continue to make inroads with businesses. Azure cloud-computing revenue increased 43% during the fiscal fourth quarter, the company said Wednesday in a statement.
Microsoft's top finance executive sent her quarterly memo to employees after earnings on Wednesday. The latest memo touted "important progress in key areas," such as Azure and Microsoft 365 Copilot.
Microsoft exceeded Wall Street expectations for its fiscal fourth quarter as stronger-than-expected Azure cloud growth and rising adoption of its artificial intelligence products helped ease investor concerns over the company's massive spending on AI infrastructure. Shares of Microsoft MSFT rose about 3.5% in extended trading after the results were released, with investors responding positively to robust cloud performance and continued momentum in AI-related services.
Microsoft Corp (NASDAQ:MSFT) reported fiscal fourth quarter results that topped Wall Street expectations on Wednesday, driven by continued strength in its cloud and artificial intelligence businesses, with shares rising about 2% in after-hours trading. For the quarter ended June 30, Microsoft reported revenue of $90 billion, up 18% from a year earlier and ahead of analysts' expectations of about $87.6 billion.
The software giant closed its fiscal year with $90 billion in quarterly sales; investors remain fixated on whether its record data-center buildout will pay off.
The AI narrative has moved beyond speculative software to capital-intensive physical infrastructure. With the infrastructure race in full swing, hyperscalers are increasingly investing in the buildout of the compute capacity required to train and operate the next generation of AI models.
Regulators in the United Kingdom are investigating whether Microsoft misled customers about its subscription options pricing, according to a Wednesday (July 29) press release. The investigation comes in response to concerns that consumers might not have been given clear information about subscription options when Microsoft changed its Microsoft 365 Personal and Family plans, the U.K.
Microsoft (NASDAQ:MSFT | MSFT Price Prediction) has quietly become the most important AI infrastructure company on the planet, yet the stock is acting like nobody noticed.
Microsoft Corp (NASDAQ:MSFT) reports fiscal fourth-quarter results tonight, with analysts largely centering their attention on capital expenditures as the company continues its aggressive buildout of AI infrastructure. Bank of America analysts said "AI execution remains the central debate" heading into the print, with Azure growth, AI infrastructure spending, and Microsoft 365 Copilot adoption expected to dominate the conversation.
Microsoft is scheduled to report earnings after the closing bell today, with traders anticipating a big move from the software giant's stock.
Microsoft (NASDAQ: MSFT | MSFT Price Prediction) and Palantir (NASDAQ: PLTR) both just delivered earnings that put the AI trade on trial.