Microsoft justifies its spot as the most valuable company in the world by beating expectations and a positive outlook for the rest of the year.
• Revenue +18% to $62B
• Profits +25% to $27B
Maybe employees can get raises this year after none last year.
The most positive bit of the Microsoft earnings news is that Azure is still growing faster than expectations with 30% revenue growth compared to 27% expected.
Microsoft has given adoption of AI Azure customers as the tailwind that is driving this growth.
https://siliconangle.com/2024/01/30/microsoft-blows-away-earnings-estimates-ais-contribution-grows/