Microsoft rose more than 3.8% before the market opened. Q1 results exceeded expectations. AI boosted cloud revenue to accelerate growth.

Gelonghui April 26 | Microsoft (MSFT.US) U.S. stocks rose more than 3.8% before the market opened, at $414.31

Gelonghui, April 26 | Microsoft (MSFT.US) U.S. stocks rose more than 3.8% before the market opened, closing at $414.31.
Microsoft\’s total revenue in the first quarter was US$61.86 billion, a year-on-year increase of 17%. It exceeded the previous guidance of 14.5% and was higher than market expectations of US$60.87 billion; adjusted earnings per share EPS was US$2.94, a year-on-year increase of 20%. That was higher than market expectations of $2.82.
During the period, the revenue of the intelligent cloud business unit increased by 21% year-on-year to US$26.7 billion, exceeding market expectations of US$26.25 billion.
Among them, the revenue of Azure and other cloud services increased by 31%, which was higher than the market expected growth of 28.6%. As well as the growth rate of 29% in the third quarter of last year and the growth rate of 30% in the fourth quarter of last year. It means that AI is indeed driving the acceleration of cloud revenue. increase.

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