TMTB: MSFT & META Takeaways
MSFT +8%: 2nd straight quarter of Azure accel, but not done yet
Azure +39% cc ahead of guide 34-35% and bogeys of 36%. Guide 37% y/y/ Let’s not complicate things - that’s the key KPI that drives the stock. Guide
After last quarter, we got super bulled up on MSFT given the Azure set up: improving AI demand + a very easy comp set up, saying we thought Azure would accel to 40% by Q2’25 while the street was still pencil’ing in a decel. Well, we are almost already at 40%! — and the comps haven’t even started getting easier!
What do we think Azure can grow now?
Keep reading with a 7-day free trial
Subscribe to TMT Breakout to keep reading this post and get 7 days of free access to the full post archives.