Overall Microsoft had a fantastic quarter. However, it ran a bit before the earnings. This is why the stock is a bit lower in the after hours.
I strongly believe that agents, Co-Pilot and the huge demand they have for AI factories will accelerate and re-rate this analysis.
Currently, this analysis is only on trend with the current business.
They are capacity constrained right now, during the call they mentioned that Azure would have grown higher than 39% if they could.
