Microsoft (MSFT) Stock Rallies on Strong Earnings and Lower Capex

TLDR Microsoft stock surged 8.4% in premarket trading after the fiscal fourth-quarter earnings beat. Quarterly revenue increased 18% year-over-year to $90.01 billion. Adjusted earnings reached $4.74 per share, above the $4.24 estimate. Azure revenue grew 43% in constant currency, beating market forecasts. Annual Azure revenue exceeded $100 billion for the first time. Microsoft (MSFT) shares [...]

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