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Story summary
- Microsoft reported a record $81.3 billion in revenue for its fiscal second quarter, with Azure up 39% and the cloud division above $50 billion.
- The stock fell over 6% in after-hours trading due to slower growth and higher capital expenditures, which reached $37.5 billion.
- CEO Satya Nadella emphasized that AI investments are still in early stages.
- The backlog rose to $625 billion, driven largely by OpenAI commitments.
