From Morningstar: 2024-04-26 05:37:00

Microsoft exceeded expectations with strong third-quarter results, raising their fair value estimate to $435 per share. The AI sector contributed significantly to Azure growth, with a surge in bookings from large Azure deals. The company remains focused on cloud migration and AI growth as secular drivers. Revenue for the March quarter increased 17% year over year to $61.86 billion.



Read more at Morningstar: Microsoft Earnings Beat Forecasts on Strong AI and…