Microsoft has reported exceptional quarterly earnings, exceeding forecasts with a share price increase of over 7% post-market. The company's earnings were at $3.46 per share against an expected $3.22, while revenues reached $70.07 billion, propelled by a 33% increase in Azure services, largely due to AI demand. Looking ahead, Microsoft anticipates revenue between $73.15 billion to $74.25 billion in the current quarter, alongside planned investments of around $80 billion in AI infrastructure, signaling confidence amid economic uncertainties and evolving technological demands.
"Microsoft has demonstrated robust quarterly results, with earnings surpassing expectations, reflecting significant growth in cloud computing, particularly within the Azure platform, which saw a notable rise in demand for AI services."
"The company posted quarterly earnings of $3.46 per share, eclipsing analyst projections of $3.22, supported by a revenue increase to $70.07 billion, which also outstripped forecasts."
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