Overview
- Revenue rose 17% to $81.3 billion in fiscal Q2 ended Dec. 31, driven by cloud demand.
- Azure grew 39% in the quarter, with management guiding 37% to 38% growth for Q3 in constant currency.
- Adjusted earnings per share increased 24% to $4.14, underscoring strong profitability.
- Capital expenditures jumped about 66% year over year to $37.5 billion to fund AI and cloud infrastructure.
- Shares trade near 24.7 times forward earnings, with Goldman Sachs reiterating a Buy rating and a $600 price target.