Microsoft released quarterly results that beat analyst expectations, with shares jumping 9% in premarket trading. The Azure cloud platform surpassed $100 billion in revenue for the first time in fiscal year 2026, while its AI assistant Copilot reached 30 million paid seats. The company also recorded a $3.2 billion gain from its stake in Anthropic, although free cash flow fell 23% to $19.64 billion. Wall Street analysts generally reacted favorably, with many firms raising their price targets on the stock.
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