Microsoft Q1 Results Beat Estimates on Azure Growth
Microsoft’s fiscal Q1 results beat estimates, driven by Azure growth.
Story updates
08:30:07 PM UTC
SquawkNews
Microsoft says its Azure cloud business had accelerated revenue growth of 48% in the fiscal first quarter, a bullish sign for AI-driven compute demand. Azure had previously grown 40% in the fiscal third quarter and 43% in the fourth, and Microsoft had previously guided for 44% to 45% growth in the…