Microsoft beats revenue estimates as AI shift bolsters cloud demand

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Microsoft topped quarterly revenue expectations on Wednesday, helped by strong growth at its cloud-computing business Azure, reassuring tech investors that hefty AI investments were paying off and sending shares of the company nearly 6 per cent higher in after-hours trading.

FILE PHOTO: A view shows the Microsoft logo on the day of the Hannover Messe, one of the world's largest industrial trade fairs, in Hanover, Germany, March 31, 2025.

Overall, revenue rose 13 per cent to $70.1 billion, beating estimates of $68.42 billion, according to data compiled by LSEG.

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Category: EconomyBusiness

Markets: SingaporeBelgiumGermany

Topics: Azure Billion Spending Investors Quarter Expectations Cent Microsoft Growth Revenue Company

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2025-05-01 @ 04:06:06 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

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