Image Source:
With Microsoft () standing alone above the $3 trillion market-cap level (after ‘s recent weakness), all eyes are on tonight’s earnings for any signs of an inflection in the AI-exuberance.(Click on image to enlarge)
Source: Bloomberg
And sure enough, at the headline level at least, it’s all-good with MSFT beating top- and bottom-line (by a big margin)…
Under the hood, all segments beat expectations:
…with the heavily AI-exposed intelligent cloud unit once again the highlight:
Intelligent Cloud revenue growth was flat (in constanr currency)at 18% YoY…
The flagship Azure (cloud computing product) growth continued to re-accelerate to 30% YoY (but was flat on a constant currency basis)…
Satya seems pleased, and so he should with operating income up 33% YoY at $27.03 billion:
“We’ve moved from talking about AI to applying AI at scale,” said Satya Nadella, chairman and chief executive officer of Microsoft.
“By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector.”
But, MSFT shares dumped initially then rebounded back to unchanged from the close (down on the day)…(Click on image to enlarge)
…is it all priced in?More By This Author:
