Azure, Xbox and Outlook Suddenly Went Down
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6hon MSN
Microsoft Reports Strong Earning as Azure Cloud Revenue Soars by 40%. The Stock Is Still Down.
Microsoft reported better-than-expected earnings results and strong cloud revenue growth. Its shares were still falling in early trading Thursday.For the September quarter, Microsoft reported adjusted earnings per share of $4.
Be that as it may, in its latest quarterly report, which came after the bell on the same day, Microsoft reported that it beat Wall Street estimates and that Azure's income grew by about 40%. Still, with this ongoing failure and Microsoft admitting that it can't keep up with AI and cloud demands, Microsoft's stock sank lower in after-market trading.
Microsoft Corp. (MSFT) shares fell nearly 4% in extended trading after the company disclosed record capital expenditure of $35