By https://www.facebook.com/CNBC
Publication Date: 2026-10-29 00:27:00
Shares of Microsoft edged higher Wednesday evening after the tech giant reported better-than-expected results across all key metrics and signaled that growth in its all-important Azure cloud computing business continues to accelerate. Revenue in the three months ended in September rose about 19% year over year to $92.28 billion, beating the LSEG consensus estimate of $90.69 billion. Adjusted earnings per share (EPS) totaled $4.92, up 32% from a year earlier, beating the $4.73 consensus, according to LSEG. Azure cloud revenue grew 48% year over year on a reported and constant-currency basis, beating FactSet consensus estimates of about 44% and 45%, respectively. MSFT 1Y mountain Microsoft 1-year stock performance Bottom line Earlier this year, Microsoft shares were down about 25%, trading in the mid-$300s on concerns that it had fallen behind in the AI race, that its seat-based subscription model was vulnerable to disruption, and that the company lacked innovation in its AI tools….