Current outcome
After stronger-than-expected Q3 results, Microsoft provided accelerated Azure growth guidance and higher capex outlook while maintaining positive free cash flow.
Progress timeline
2 material updates- #01
微软Q3财报：营收同比增长19%，超市场预期，Azure云业务增长48%
Microsoft reported stronger-than-expected Q3 revenue of $92.3B, up 19% year over year, with Azure revenue growing 48% to $33.17B and guidance pointing to further acceleration.
Source evidence: theblockbeats
- #02
微软Q3财报电话会：预计云业务增速高于市场预期，本季仍保持正自由现金流
On the Q3 earnings call, Microsoft guided next-quarter revenue to $96.0B-$97.1B, expected Azure growth at 49%-50% in constant currency above market expectations, guided next-quarter capex above $50B, disclosed $677B commercial RPO, and reported about $18.6B positive free cash flow.
State after update: After stronger-than-expected Q3 results, Microsoft provided accelerated Azure growth guidance and higher capex outlook while maintaining positive free cash flow.
Source evidence: theblockbeats