Microsoft Shares Jump Over 8% After Strong Quarterly Results

Microsoft Reports Strong Revenue and Profit Growth

Microsoft shares jumped 8.40% in pre-market trading in the US after the company announced strong quarterly results that exceeded analysts' expectations, driven by accelerated growth in its cloud computing and artificial intelligence (AI) sectors, boosting investor confidence in the company's future.

The company reported revenue of $83.9 billion, with net income of $30.7 billion and earnings per share of $4.13. Azure platform revenue grew by 43% year-over-year.

Microsoft 365 Copilot subscriptions also surged to over 30 million, indicating increasing demand for AI solutions. The company confirmed its continued significant investments in data centers and infrastructure to support future growth.

In contrast, Meta shares fell 9% as investors reassessed their positions in major technology stocks.