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Microsoft's Blockbuster Quarter Cements Goldman's Bullish AI, Cloud Thesis

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Microsoft's Blockbuster Quarter Cements Goldman's Bullish AI, Cloud Thesis - Benzinga

Quick Summary:

In a note shared Thursday, Goldman Sachs analyst Kash Rangan said Microsoft's fiscal third-quarter results reinforced confidence in the company's long-term AI leadership, as Azure growth reaccelerated and new data pointed to durable enterprise demand for cloud infrastructure and AI tools.What Drove The Beat?

Microsoft Corp.(NASDAQ:MSFT) delivered a blockbuster quarter that beat expectations across the board, with cloud and AI momentum now so strong that Goldman Sachs sees the stock marching near all-time highs at $480 per share.

Azure and other cloud services revenue rose 35% year-over-year in constant currency, accelerating from 31% in the prior quarter and topping Goldman's forecast of 32%.

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 14:06:15 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 696 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28310246

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 25 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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