Reported 3 months ago
Microsoft's Azure Cloud growth fell short of expectations in the fiscal fourth quarter, leading to a more than 5% drop in MSFT shares during after-hours trading. Analyst Rishi Jaluria from RBC Capital Markets noted a reversal in trends, highlighting a deceleration in Azure's growth excluding AI investments, contrary to the previous quarter's performance. With AI being a capital-intensive sector, he expects high capital expenditures and ongoing discussions among enterprises about AI usage.
Source: YAHOO