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Barchart
Barchart
Sristi Suman Jayaswal

2 Tech Stocks Set to Ride Microsoft's Azure Coattails

Microsoft Corporation’s (MSFT) Azure cloud platform has been a transformative force, revolutionizing industries and spearheading digital transformations on a global scale. Trusted by an impressive 95% of Fortune 500 companies, Azure has solidified its position as the premier choice for cloud services. 

In its latest quarterly results, Microsoft’s revenue from Azure public cloud and other cloud services experienced a remarkable 31% annual growth, exceeding the 28% growth guidance. Within the Azure growth, 7 percentage points were attributed to AI services.

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