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Microsoft reports earnings beat as Azure revenue climbs 40%

On Wednesday, Microsoft Corporation reported total revenue rose 18% to $77.7 billion, beating LSEG expectations of $75.33 billion, while Azure cloud business grew 40% in the July-September fiscal first quarter.
Following a revised OpenAI deal, Microsoft Corporation spent nearly $35 billion on AI in the quarter and secured a 27% stake worth about $135 billion.
Microsoft disclosed quarterly profit of $30.8 billion and Microsoft Cloud revenue of $49.1 billion, up 26%, with a $392 billion remaining performance obligation.
Shares reacted as Microsoft stock fell 3% to $525.00 in after-hours trading, following a deal that pushed the company to a $4 trillion valuation this year.
Analysts note infrastructure projects could generate $30 billion to $40 billion in incremental annual revenue, but some warn sky-high valuations and limited AI productivity gains raise doubts ahead of Microsoft's earnings conference call.

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