{"id":76491,"date":"2023-10-25T03:07:57","date_gmt":"2023-10-25T07:07:57","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/microsoft-blows-past-earnings-estimates-as-cloud-growth-comes-in-hot\/"},"modified":"2023-10-25T03:08:00","modified_gmt":"2023-10-25T07:08:00","slug":"microsoft-blows-past-earnings-estimates-as-cloud-growth-comes-in-hot","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=76491","title":{"rendered":"Microsoft blows past earnings estimates as cloud growth comes in hot"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002646995\">\n<div class=\"snippet__body\">\n<p>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 \u201cincreasing contribution\u201d from artificial intelligence in that part of the business going forward.<\/p>\n<p>Revenue for Azure and other cloud services was up 29%, or 28% in constant currency, in the fiscal first quarter. Microsoft\u2019s MSFT forecast had been for 25% to 26% constant-currency Azure revenue growth, while the company posted 27% constant-currency growth on the&#8230;\n      <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/microsoft-earnings-what-to-expect-c89603b0?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201cincreasing contribution\u201d 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-76491","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microsoft blows past earnings estimates as cloud growth comes in hot | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Microsoft Corp. rode better-than-expected growth in its Azure cloud-computing unit to sizable revenue and earnings beats Tuesday, and the company said\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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