Microsoft gains put spotlight on ETFs with the biggest exposure to the stock

For the period ending Sept. 30, Microsoft said it earned an adjusted $4.89 per share as revenue rose 19% year-over-year (17% in constant currency) to come in at $92.28B. Cloud revenue came in at $63.9B, above the $61.62B estimate. Azure revenue rose 48%, above the estimate of 44.8%.

Looking ahead, Microsoft management said it expects fiscal second-quarter revenue to be between $96B and $97.1B, above the $95.63B estimate. Included in that is $80.1B to $80.7B in revenue from its Agents and Infrastructure unit, with Azure growth between 49% and 50% year-over-year in constant currency. Customer demand still continues to exceed available supply, Microsoft added.

Microsoft also said it sees continued efficiency gains in its CPU and GPU fleet that should help support growth. Additionally, capital spending is expected to top $50B, Microsoft…