Microsoft beats on top and bottom line, Azure continues to accelerate

Hey, Morgan. Yeah, And it’s a beat on the top and bottom lines and a beat on Azure revenue growth. Let me go over the numbers here. EPS is coming in at $2.94. St. was looking for 282, revenues were 61.9 billion. St. was looking for 60.8 billion. And then Azure continues its reacceleration here. It’s a 31% growth. St. was looking for a 28.6% growth. I’m going to go through the numbers here in a minute and see how much of that Azure growth they’re attributing to AI. I’ll be right back with you, but that’s the numbers we got for now. Stocks up a little more than 5%, guys. All right, Nicole, I’m gonna go back to you now that we got those initial numbers from Microsoft and the stock is up 5% right now. And actually that was the great segue into what I was saying, which was what we saw out on Netflix, what we saw out of meta when stocks don’t ramp up on good news, there’s generally a risk change in risk appetite. And instead here you see a beat from Microsoft and the risk appetite is being absorbed. We’ve seen a lot of that under turning the buying up of names, you know, beneath the surface, the recovery today and so. We still think this is, you know, kind of a blip in the radar and probably this morning was an overreaction to that GDP shock. OK, Kevin, well, I do want to mention Alphabet results are out as well. We’re going through those. And Kevin, I might have to interrupt you if we, if we get through right in the middle of your response, I know you’re expecting Microsoft to be one of the winners in the AI race. I wonder if you think the markets overall might react to to Microsoft earnings, You know, meta and all that spending certainly seem to get people down, might some better results from the likes of Microsoft get some people up. Without a doubt, Microsoft and of course NVIDIA, which doesn’t report until May. Unfortunately, and I think this earnings season for big tech is going to be marked by two things, John one, AI and two, CapEx. Microsoft has been very early to the AI.