Tech Brew Ride Home · Thursday, July 30, 2026
Microsoft shares rose nearly 15% after the company announced its fastest cloud growth in four years, largely attributed to its AI and computing services. Azure cloud revenue increased by 43% in the fiscal fourth quarter, surpassing $100 billion for the fiscal year, with projections for further acceleration.
“Microsoft shares soared after the company reported the fastest cloud growth in four years, suggesting its AI and computing services are making inroads with customers.”
“Azure cloud revenue rose 43% during the fiscal fourth quarter, the company said Wednesday in a statement.”
“Demand continues to exceed available supplies, she said, during a conference call with analysts.”