Microsoft cloud revenue accelerates as spending growth cools
u/app1310 ·
Reddit — r/stocks
· April 29, 2026 at 20:20
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Microsoft's cloud revenue growth increased in the March quarter while its spending rose less-than-expected as the software giant looks to convince investors that its big bet on artificial intelligence would pay off.
Capital expenditure rose 49% to $31.9 billion in the company's fiscal third quarter, the company said on Wednesday, compared with Wall Street expectations of $34.90 billion, according to Visible Alpha. Spending had totaled $37.5 billion in the second quarter.
[https://www.reuters.com/business/retail-consumer/microsoft-reports-cloud-growth-line-with-expectations-2026-04-29/](https://www.reuters.com/business/retail-consumer/microsoft-reports-cloud-growth-line-with-expectations-2026-04-29/)