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Microsoft climbs on upbeat cloud revenue forecast, quarterly results beat

ReutersApr 30, 2025 10:36 PM

** Shares of Microsoft MSFT.O jump about 9% to $430.03 after the bell

** Forecasts intelligent cloud revenue between $28.75 billion and $29.05 billion vs est. of $28.52 billion

** Sees Q4 Azure and other cloud services revenue growth of 34% to 35% in constant currency vs. est. of 31.8%, Visible Alpha data

** Expects FY 2026 capex to grow at a lower rate than FY 25

** Q3 revenue of $70.1 billion beats estimates of $68.42 billion, while per-share profit of $3.46 tops $3.22 expectation - LSEG data

** Azure cloud division revenue rose 33% in quarter, exceeding estimates of 29.7%, according to Visible Alpha

** Shares of Amazon AMZN.O up ~3%, Nvidia NVDA.O up 4.2%, Advanced Micro Devices AMD.O up 2.1% after Microsoft's and Meta's META.O results

** MSFT down 6.2% YTD as of Wednesday's close

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