MSFT Tumbles On Cloud Revenue Miss

Having suffered this week from ChatCCP's arrival on the scene, traders are hoping that MSFT's earnings (and CapEx outlook) will rescue sentiment. If ASML's data is anything to go by, thing should be positive.

Out of the gate, MSFT beat expectations top- and bottom-line...

• *MICROSOFT 2Q REV. $69.63B, EST. $68.92B

• *MICROSOFT 2Q EPS $3.23, EST. $3.10

But, below the surface things were more problematic as Cloud Revenue disappointed:

• *MICROSOFT 2Q CLOUD REV. $40.9B, EST. $41.1B

• *MICROSOFT 2Q INTELLIGENT CLOUD REV. $25.54B, EST. $25.89B

Azure revenue growth slowed to 31.0% (below the 31.8% expected) and the slowest in a year...

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