By Moz Farooque ACCA
Publication Date: 2026-09-22 18:06:00
This article first appeared on GuruFocus.
Microsoft (NASDAQ:MSFT) could have another lever to extend Azure growth even after its recent acceleration, with BNP Paribas arguing that higher pricing may gradually boost cloud revenue as customer contracts renew. The firm also sees a possible SpaceX (NASDAQ:SPCX) cloud-computing deal as a future catalyst, giving investors two additional ways Microsoft could strengthen an already powerful AI infrastructure story.
BNP Paribas analyst Stefan Slowinski said Microsoft executives acknowledged that Azure pricing is moving higher, but existing contracts will not be rewritten.
Instead, pricing will be reset upon renewal, suggesting any Azure pricing benefit should feather into results gradually rather than create a material step-up in Azure growth over the near-term, Slowinski wrote.
That distinction matters because Microsoft said Azure’s recent acceleration into the…