Microsoft's Stock Surges Over 15% in Largest Single-Day Jump
On July 30, Microsoft (MSFT) experienced its largest single-day stock increase of over 15%, driven by better-than-expected Q4 earnings and strong forward guidance. The company reported revenue of $90 billion with EPS at $4.74, surpassing analyst expectations for both metrics. Azure growth accelerated to 43% year-over-year, exceeding the projected rate, while Microsoft 365 Copilot seats surpassed 30 million. Microsoft's Intelligent Cloud segment and Business Productivity segments also outperformed forecasts in terms of revenue. The company’s capital expenditures were slightly below expectations at $41 billion for Q4. Remaining performance obligations reached $678 billion, indicating strong future commitments from clients across its services portfolio.
Tickers: $MSFT
Topics: AI Investments Azure Growth Earnings Report Microsoft Stock Price Jump