Microsoft Beats Expectations With Strong Azure Cloud Growth

Economic Times - Tech · technology

Microsoft shares surged over five percent after the company reported better-than-expected revenue and profit for the September quarter, largely driven by its Azure cloud computing division, which saw a 48 percent increase. CEO Satya Nadella highlighted enhanced capabilities and cost efficiency for customers across their technology stack. The tech giant's total revenue reached $92.3 billion with over $36.6 billion in profit, surpassing analyst expectations. This strong performance comes amidst significant investments in artificial intelligence and voluntary buyouts offered to employees.