Media: “Microsoft reports slowing Azure cloud revenue growth”
Hilarious spin from CNBC:
Microsoft’s public cloud Azure has reached scale, and its growth has slowed in recent months as customers make their existing workloads more efficient.
Source: Microsoft (MSFT) Q4 earnings report 2023
Microsoft reports slowing Azure cloud revenue growth
- Growth went from 27% to … 26%.
- Revenue up +8% YoY.
- Net Income and income per share were up about +20% and +21%.
- Share price is up +46% this year
Sounds like a devastating quarter. Hah hah. The media always finds even the slightest negative item and drills in on that. There is no amount of good news that cannot be spun into negativity!
Too funny!
To write that headline, the reporter had to deliberately and intentionally go through the financial release to find the one obscure not really negative item to report negatively!
Axios, by comparison writes an accurate headline:
AI, cloud computing help Microsoft top quarterly expectations
(I own shares in MSFT and expect that my comments here will cause MSFT to rise by +50% tomorrow. Of course.)