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Microsoft Cloud and AI Dominate Earnings | Raleigh News

Microsoft Cloud and AI Dominate Earnings | Raleigh News

Published 1 week, 6 days ago
Description

Microsoft just smashed quarterly earnings with $90 billion in revenue—up 18% year-over-year—blowing past Wall Street expectations. The real winner? Cloud computing, which surged 27% to nearly $60 billion, led by Azure’s massive 43% jump. AI is also exploding, with over 30 million paid seats for Microsoft 365 Copilot. Azure hit the $100 billion revenue mark for the first time this year, proving Microsoft’s cloud and AI bets are paying off big. Stock jumped 3% after hours as investors rally behind the company’s digital transformation play.

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