Microsoft fiscal Q2 results top estimates amid stronger cloud growth By Investing.com



© Reuters.

Investing.com – Microsoft reported Tuesday fiscal second-quarter results that beat analysts’ forecasts as growing demand for artificial intelligence continued to bolster growth in the the tech giant’s cloud computing business.

Microsoft Corporation (NASDAQ:) fell 1% in after-hours trading following the report.

Microsoft reported per share of $2.93 on revenue of $62 billion. Analysts polled by Investing.com anticipated EPS of $2.77 on revenue of $61.14B.

The better-than-expected results were underpinned by growth in its cloud business Azure, which grew 30%, beatinganalyst estimates of 27.5%.

Revenue in productivity and business processes was up 13% to $19.25B, while its personal computing segment saw revenue rise about 19% to $16.89B.

 



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