Microsoft Gained Nearly 4% in Premarket Trading As Its Cloud Business Showed Higher Than Expected Growth

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Microsoft Gained Nearly 4% in Premarket Trading As Its Cloud Business Showed Higher Than Expected Growth

Tiger Newspress2023-10-25

Microsoft gained nearly 4% in premarket trading as its cloud business showed higher than expected growth.

It said fiscal first-quarter profit was $2.99 per share, above analyst estimates of $2.65 per share. Azure revenue rose 29%, higher than a 26.2% growth estimate. For its fiscal second quarter, Microsoft forecast an Azure growth rate of 26-27% in constant currency.

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PunkyBen
·2023-10-25
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homosapien
·2023-10-25
Great ariticle, would you like to share it?
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