business / news / / Financial Post
Microsoft Corp.’s cloud business reported growth that narrowly beat analysts’ estimates.
Microsoft Azure revenue grew 39% in Q3, just above the 38% analyst estimate.
KEY POINTS
- Twenty million customers now pay for Copilot, up from 15 million last quarter.
- Microsoft's capital expenditures were $31.9 billion, below the $35.3 billion analyst estimate.
- Microsoft's AI business annual revenue run rate surpassed $37 billion, more than doubling year over year.
- Microsoft has struggled to bring data center capacity online fast enough to meet AI demand.
COMPANIES
Summarized by Newsio from Financial Post. How we summarize →