Microsoft Azure tops $100B in annual revenue
Digest more
July 30 (Reuters) - Microsoft's shares soared more than 16% on Thursday, putting the company on track for a record one-day gain in market value after it said it expects to keep generating cash through its new fiscal year and forecast cloud growth above Wall Street expectations.
The software company beat Wall Street expectations on revenue and earnings as Azure growth accelerated to 43% in the fourth quarter
Microsoft Corporation’s Q4 beat shows Azure/Intelligent Cloud up 32% YoY as AI CapEx soars. Click here to read this latest analysis of MSFT stock.
Azure just crossed a milestone that the bears said was years away, and Microsoft shares are reacting in a way that's putting pressure on every other cloud name heading into a pivotal week of earnings.
Fueled by massive enterprise AI adoption, Microsoft Azure hits $100B in annual revenue while Xbox works through a brand reset.
Microsoft's $41 billion AI investment boosts Azure growth, beats earnings estimates and lifts investor confidence as cloud demand continues to rise.
Morningstar cheered Microsoft Azure’s strength and said near-term demand indicators for the company remain robust.
Azure and other Microsoft cloud services were disrupted for five hours when IP routes were accidentally removed from networking equipment.
Microsoft is increasingly positioning itself as a broad AI platform provider as it develops its own models while partnering with technology giants
12hon MSN
This Microsoft Azure security flaw may have compromised thousands of cloud users: Are you safe?
Microsoft fixed a security flaw in Azure Cosmos DB that could have exposed cloud users. Here's what happened, who was at risk, and if you need to worry.