Guangda Securities Microsoft (MSFT.US) FY25Q3 performance review: Strong guidance for Azure revenue, capital spending declines compared to the previous quarter, AI cloud capacity exceeds demand.

According to the Smart Finance and Economics App, Guotai Junan Securities released a research report stating that after the market closed on April 30th Eastern Time, Microsoft (MSFT.US) released its FY25Q3 performance report. The FY25Q3 revenues and net profits of Microsoft exceeded expectations, and the FY25Q4 revenue guidance was higher than expected. Microsoft's intelligent cloud revenue guidance significantly exceeded expectations, with AI-driven Azure revenue returning to accelerated growth and strong guidance. In addition, Microsoft's capital expenditures in FY25Q3 decreased compared to the previous quarter, but the cloud business gross margin was under pressure.