Microsoft (MSFT) surpassed Wall Street expectations in its first-quarter results, reporting $3.72 earnings per share on $77.7 billion in revenue. Cloud revenue estimated to $49.1 billion, up 26% year-over-year, with Azure and Intelligent Cloud driving operations. However, capital expenditures escalated 74% to $34.9 billion, largely to meet AI growing demand. Despite strong outcomes, Microsoft’s stock dipped over 2% as investors weighed mounting costs.
