Hey, Morgan. Yeah, And it's a beat on the top
and bottom lines and a beat on Azure revenue growth.
Let me go over the numbers here.
EPS is coming in at $2.94.
St. was looking for 282,
revenues were 61.9 billion. St.
was looking for 60.8 billion.
And then Azure continues its reacceleration here.
It's a 31% growth. St.
was looking for a 28.6%
growth. I'm going to go through the numbers here in
a minute and see how much of that Azure growth
they're attributing to AI.
I'll be right back with you,
but that's the numbers we got for now.
Stocks up a little more than 5%,
guys. All right, Nicole, I'm gonna go back to you
now that we got those initial numbers from Microsoft and
the stock is up 5%
right now. And actually that was the great segue into
what I was saying,
which was what we saw out on Netflix,
what we saw out of meta when stocks don't ramp
up on good news,
there's generally a risk change in risk appetite.
And instead here you see a beat from Microsoft and
the risk appetite is being absorbed.
We've seen a lot of that under turning the buying
up of names,
you know, beneath the surface,
the recovery today and so.
We still think this is,
you know, kind of a blip in the radar and
probably this morning was an overreaction to that GDP shock.
OK, Kevin, well, I do want to mention Alphabet results
are out as well.
We're going through those. And Kevin,
I might have to interrupt you if we,
if we get through right in the middle of your
response,
I know you're expecting Microsoft to be one of the
winners in the AI race.
I wonder if you think the markets overall might react
to to Microsoft earnings,
You know, meta and all that spending certainly seem to
get people down,
might some better results from the likes of Microsoft get
some people up.
Without a doubt, Microsoft and of course NVIDIA,
which doesn't report until May.
Unfortunately, and I think this earnings season for big tech
is going to be marked by two things,
John one, AI and two,
CapEx. Microsoft has been very early to the AI.