Microsoft stock surges 9% after strong earnings and positive outlook, driven by Azure growth

From CNBC: 2025-05-01 11:28:00

Microsoft’s shares surged 9% after strong third-quarter earnings. Azure revenues grew 33% year over year, with 16 points attributed to artificial intelligence. Revenues hit $70.07 billion, exceeding estimates, with net income growing 18% to $25.8 billion. Microsoft expects revenues between $73.15 billion and $74.25 billion in the current quarter. Additionally, the company plans to continue investing in AI infrastructure.



Read more at CNBC:: Microsoft pops 9% after earnings beat, on pace for best day in 5 years