Microsoft’s stock soars as earnings show booming cloud growth

Latest Updates

Artificial intelligence is becoming ever more a growth driver for Microsoft’s Azure cloud-computing business.

Azure grew revenue 33% in the latest quarter, or 35% in constant currency. AI services contributed to 16 percentage points of that growth, according to Microsoft’s earnings slides.

That compares with 13 points of AI contributions seen in the December quarter, when Azure revenue was up 31%.

Leave a Reply

Your email address will not be published. Required fields are marked *