Microsoft’s stock rises on solid earnings and revenue beat, with Azure growing 48%

Microsoft Corp. delivered better-than-expected earnings and revenue in its fiscal 2027 first quarter, driven by growth of more than 48% in its Azure cloud infrastructure business, sending its stock about 4% higher after hours. The company reported earnings before certain costs such as stock compensation of $4.89 per share, easily beating Wall Street’s forecast of $4.73 per share, while revenue for the period rose 19% to $92.28 billion, ahead of the $90.69 billion target. All told, the company reported net income of $36.63 billion, up from $27.75 billion in the same period one year earlier. For the first time in its history, Microsoft disclosed its exact…