Hedge Funds Stay Bullish on Microsoft After Azure Growth and Copilot Gains
Microsoft beat expectations with revenue up 18% to $90.01B, Azure growth jumping to 43%, and Microsoft 365 Copilot reaching 30M paid seats. Commercial bookings rose to $678B. Free cash flow fell 23% to $19.64B and capital spending jumped 69% to $41B as investors judged AI spend as starting to pay off, while Meta’s guidance missed and free cash flow plunged 91%.