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Post-breakup pains: when will MSFT stage a comeback?
$Microsoft(MSFT.US) reported FY26 Q3 (quarter ended Mar) after the US close on Apr 30. Overall, results were steady, with most headline metrics beating expectations but lacking a true standout.
1) Azure re-accelerated, but without surprises. Azure revenue grew 40% YoY; ex-FX growth was 39%, a 100bps acceleration QoQ.
The re-acceleration is a healthy sign. That said, versus AWS and GCP's stronger pickup this quarter, it was not particularly eye-catching...
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