Microsoft Stock Rises After Earnings Beat as Azure Growth Accelerates to 48%

Microsoft Corporation (NASDAQ: MSFT) shares rose about 1% to $535.11 in Thursday’s premarket trading after the company reported better-than-expected quarterly earnings and revenue, supported by accelerating growth in its Azure cloud business. The technology giant reported adjusted earnings of $4.89 per share for its fiscal 2027 first quarter, exceeding analysts’ estimate of $4.72. Revenue rose 19% year over year to $92.28 billion, beating the consensus estimate of $90.61 billion. Adjusted earnings per share increased 18% year over year. On a GAAP basis, Microsoft earned $4.92 per share, including the impact of its investments in OpenAI.

Source: The Crypto Basic