Cloud ServicesManagement remains upbeat on cloud revenue growth recovery in Intelligent Cloud segment recorded quarterly revenue growth of 20% YoY, at the upper limit of the previous guidance range.
EarningsQuarterly net income was up 11% YoY to US$24.7bn, 6% better than consensus, aided by better than feared margin impact from AI related investments and operating efficiency gains of productivity and business process business.
Market PositionMicrosoft is the market leader in the productivity software market, enjoying competitive advantages such as a leading product range and widespread market presence.