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