2023-05-01 09:52:00 ET
Microsoft 's (NASDAQ: MSFT) stock recently popped after its latest earnings report beat analysts' expectations. Most of its growth was driven by the expansion of its cloud business, which grew revenue 22% year over year to $28.5 billion and accounted for over half of its top line. But once again, Microsoft obfuscated the finer details of that segment's core growth engine -- the Azure cloud infrastructure platform.
Azure controlled 23% of the global cloud infrastructure market in the fourth quarter of 2022, according to Canalys, putting it in second place after Amazon 's (NASDAQ: AMZN) Amazon Web Services' (AWS) 32% share. Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Cloud Platform (GCP) ranked third with 10%.
For further details see:
2 Numbers Microsoft Investors Have a Right to Know