Microsoft announces record earnings on strong cloud growth
microsoft.com
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Down 4% in after hours, on miss on revenue and probably exaggerated valuation.
IMO it’s because of Windows revenue declining plus Azure “only” growing by 75% YoY instead of the >90% growth that’s been the norm. FWIW, Microsoft says the Windows declines are temporary because of chip shortages and will rebound when those are cleared up. We’ll see if that’s true.