Microsoft Rose Over 4% in Morning Trading As Its Azure Cloud Business Showed Strong Momentum

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Microsoft Rose Over 4% in Morning Trading As Its Azure Cloud Business Showed Strong Momentum

Tiger Newspress2023-10-25

Microsoft rose over 4% in morning trading.

Its fiscal first-quarter revenue jumped 13% to $56.5 billion and beat Wall Street’s expectations. Revenue in the company’s Azure cloud business rose 29%, ahead of the pace set in the previous quarter. Microsoft reported profit of $2.99 a share, well ahead of expectations of $2.65.

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