Microsoft Q3 Earnings beat Expectations

Investors are keen to see progress on cloud growth, AI and capex trends. Analysts predicted 10% rise in earnings per share from last year to $3.22 with Azure and AI related segments forecast to drive growth. Actual numbers came out at $3.46 per share exceeding analyst expectations. Cloud and AI drove the growth, as Microsoft reported $70.1bn in revenue for the quarter ending in March, a rise of 13% from last year's number. Net income came in at $25.8bn (a rise of 18%). Azure revenues rose 33% from last year.