Microsoft Azure Revenue Surges 48%, Beating Expectations
Microsoft reported quarterly cloud business revenue that exceeded expectations, with Azure cloud computing revenue growing 48% to $33.17 billion, above the market forecast of $32.84 billion. The company's…
Microsoft reported quarterly cloud business revenue that exceeded expectations, with Azure cloud computing revenue growing 48% to $33.17 billion, above the market forecast of $32.84 billion. The company's free cash flow stood at $18.6 billion, far surpassing the anticipated $8.54 billion. Microsoft shares rose nearly 6% in after-hours trading.
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