Microsoft released quarterly results after market today. Strong beat to sales and revs in Azure reflect the overall growth in the cloud space. Positive read through for LVT. See below excerpt from Bloomberg.
“Microsoft handily topped quarterly sales and profit estimates on the strength of its cloud-computing business, which racked up clients for Azure web services and Office productivity software. Revenue rose 12% to $33.7 billion compared with the $32.8 billion consensus. Azure cloud sales rose 64%.”
Ann: Record quarter delivers $40.1m ARR, up 10x in 2 years, page-107
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