Microsoft Adds $450 Billion in Record Day as Azure Growth Guide Hits 45%
Updated
Updated · The Motley Fool · Aug 9
Microsoft Adds $450 Billion in Record Day as Azure Growth Guide Hits 45%
3 articles · Updated · The Motley Fool · Aug 9
Summary
$450 billion was added to Microsoft's market value in one session on July 30, when the stock jumped 15.5% to $451.10 after earnings.
18% revenue growth in fiscal Q4 and guidance for Azure to grow about 45% in constant currency in fiscal Q1 drove the surge, with Azure annual revenue topping $100 billion for the first time.
$331.8 billion in full-year revenue, $17.95 in EPS and 31% net-income growth underscored the momentum, while Microsoft Cloud revenue reached $59.3 billion in the quarter.
12% below its $553.72 52-week high even after the rally, Microsoft remains in a partial recovery from an earlier 18% year-to-date decline.
Six comparable megacap gain days since 2022 produced mixed six-month outcomes, suggesting Microsoft's next few quarters of Azure and cloud delivery matter more than the size of the pop.