Microsoft Intelligent Cloud Revenue Rises 32%
Microsoft reported a significant increase in intelligent cloud revenue during the latest quarter, with growth reaching 32%. The company's Azure segment surpassed $100 billion in total revenue for the first time. This milestone highlights Microsoft’s continued dominance and expansion within the cloud computing market. The strong performance was reflected in overall financial results as well: non-GAAP earnings per share came to $4.74, exceeding estimates by $0.50, while total revenue reached $90 billion—$2.37 billion above expectations. These figures indicate robust demand for Microsoft’s cloud services and broader enterprise solutions. The market responded positively to the results, with shares of Microsoft rising following the earnings report.
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Topics: Azure Revenue Earnings Report Microsoft