Microsoft beats expectations as Azure cloud revenue jumps 43%

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Microsoft beats expectations as Azure cloud revenue jumps 43%
Photo: Jason Redmond/AP/TT

The report showed earnings per share of $4.74. Analysts had expected earnings per share of $4.24, according to research firm LSEG, CNBC reports.

Total revenue was $90 billion, compared with expectations of around $87.6 billion.

Revenue for Microsoft's cloud service Azure increased by 43 percent during the quarter, the fastest growth for the segment since 2022, according to Bloomberg.

In after-hours trading, Microsoft's stock had risen 2 percent 20 minutes after the stock market closed.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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