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Microsoft Beats Forecasts as Azure Revenue Jumps 48%
By Drooid · · How we work
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- Microsoft beat earnings and revenue forecasts, with Azure revenue up 48% YoY.
- Microsoft posted $18.6 billion free cash flow, down $1 billion sequentially.
- Alphabet missed earnings and ad revenue expectations, with Search and YouTube below forecasts.
- Alphabet’s free cash flow turned negative, falling to minus $9.1 billion.
- Alphabet projected $195-$205 billion capex this year and authorized $27.6 billion in stock sales.
