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Microsoft stock pops 9% on earnings beat as Azure annual revenue tops $75 billion
Microsoft's finance chief, Amy Hood, called for $74.7 billion to $75.8 billion in fiscal first-quarter revenue. The middle of the range, at $75.25 billion, surpassed LSEG's $74.09 billion consensus. The company sees 37% Azure growth at constant currency. StreetAccount's consensus was 33.7%.
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Microsoft just became the second company in the world to amass $4 trillion in market capitalization, thanks to its AI businesses.
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