Quartz·1 min read·medium
Microsoft stock surged after Azure cleared $100 billion for the first time
✦AI Summary
Microsoft stock experienced a surge following the company's latest earnings report, which exceeded Wall Street expectations. A primary driver was the Azure cloud platform, which surpassed $100 billion in revenue with 43% growth.
The software company beat Wall Street expectations on revenue and earnings as Azure growth accelerated to 43% in the fourth quarter
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