Microsoft Shares Fall 0.79% Despite 48% Azure Revenue Growth
Microsoft shares fell to $526.80 at 10:05 a.m. ET on October 29. Azure revenue grew 48%; the report says the company beat quarterly expectations and notes OpenAI investment accounting helped lift reported profit.
Microsoft NASDAQ:MSFT shares moved lower 0.79% to $526.80 at 10:05 a.m. ET on October 29, even after Azure revenue grew 48%. The cloud and enterprise-software giant beat quarterly expectations, but the earnings headline deserves a closer look. OpenAI investment accounting helped lift reported profi…