Microsoft Cloud Revenue Beats Estimates; ServiceNow Outlook Meets Expectations
· Business · Bloomberg, Reuters
Microsoft reported cloud revenue that exceeded analyst forecasts for the latest quarter. The company's Intelligent Cloud segment generated $26.7 billion, above the $26.2 billion consensus. ServiceNow projected current-quarter subscription revenue of $2.88 billion to $2.885 billion, in line with the $2.88 billion average estimate. Both companies released results after market close on Tuesday. Microsoft shares rose modestly in extended trading while ServiceNow shares were little changed.
Why it matters
Strong cloud results from Microsoft signal sustained enterprise demand for AI and infrastructure services, supporting broader tech-sector sentiment. ServiceNow's in-line outlook suggests steady but not accelerating growth in workflow automation spending.
Read the original report — Bloomberg
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