Microsoft Corp. rode better-than-expected growth in its Azure cloud-computing unit to sizable revenue and earnings beats Tuesday, and the company said that it expects “increasing contribution” from artificial intelligence in that part of the business going forward.
Revenue for Azure and other cloud services was up 29%, or 28% in constant currency, in the fiscal first quarter. Microsoft’s MSFT forecast had been for 25% to 26% constant-currency Azure revenue growth, while the company posted 27% constant-currency growth on the…
Read the full article here
