- Azure generated $29.4B in quarterly revenue, growing 42% YoY and ranking behind AWS at $42.2B.
- Microsoft forecast Azure growth of 44%-45% in constant currency for the current quarter, citing soaring AI usage.
- The Azure disclosure and softer near-term rate expectations helped drive a risk-on session, with Microsoft shares up 2.68% and the Nasdaq higher.
Quotes
“refrain from prematurely raising rates to allow a cooling process to play out.”