Microsoft has posted strong quarterly earnings, surpassing expectations with significant growth in its cloud computing platform and a boost in paid AI users. The company earned $90 billion, or $4.81 per share, in the April-June quarter, up 18% from a year earlier. Analysts had expected $4.
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Microsoft beats Wall Street expectations with $90B in revenue
Microsoft's Azure cloud business grew 43% last quarter — well past its own forecast — and topped $100 billion in annual revenue for the first time. The cost: a record $41 billion in capital spending, with free cash flow down 23%. Shares rose after hours, reversing the recent pattern.
Microsoft has posted strong quarterly earnings, surpassing expectations with significant growth in its cloud computing platform and a boost in paid AI users. The company earned $90 billion, or $4.81 per share, in the April-June quarter, up 18% from a year earlier. Analysts had expected $4.
