Microsoft delivered a marginal beat on quarterly revenue expectations for its crucial cloud-computing business on Wednesday, amplifying investor doubts about the payoff from its hefty artificial intelligence spending and highlighting growing competition in the industry.
The company’s shares plunged more than 7% in extended trading.
Sign up here.
The company said revenue at its Azure cloud division grew 39% in the October-December period, its fiscal second quarter. That compares with a consensus estimate of 38.8%, ac… [1225 chars]
Source: Reuters | Published: 2026-01-28T21:04:17Z
Credit: Reuters
