Microsoft reported a better-than-expected quarter, with revenue of $92.28 billion, up 19%, and adjusted EPS of $4.92, up 32%. Azure revenue reached $33.17 billion, representing 48% growth, and Microsoft forecasts 49% to 50% growth at constant currency in the coming quarter. Capital expenditures totaled $45.2 billion, below the $51 billion expected by analysts, while Copilot daily users increased by 50%. After rebounding about 51% from its late-June low, the analyst raised the price target to $580 from $550 and maintained a 2 rating.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
