Azure revenue surpasses $100B as Microsoft reports 18% year-over-year revenue growth for the quarter.
Microsoft shares climbed 4.5% in after-hours trading following stronger-than-expected fourth-quarter earnings. The company reported adjusted earnings of $4.74 per share, exceeding Wall Street forecasts, with revenue rising 18% year-over-year to June 30.
Azure, Microsoft’s cloud computing unit, crossed the $100 billion revenue milestone for the period. Analysts had anticipated a solid quarter, but the results outpaced consensus estimates, reflecting continued demand for enterprise cloud services.
The earnings beat underscores Microsoft’s resilience amid broader tech sector volatility, with growth driven by its cloud and productivity segments.