Microsoft shares rose 4.3% to $554.25 in after-hours trading after Q1 revenue and earnings exceeded analyst estimates. The company reported revenue of $92.28 billion and adjusted earnings per share of $4.89, surpassing consensus forecasts. Growth was primarily driven by a 48% increase in Azure cloud services revenue, while capital expenditure was significantly lower than projected at $39 billion.
Microsoft Cloud growth accelerated to 30%, while additions to property and equipment nearly doubled from a year earlier to $39.367 billion.
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