Microsoft Q3 earnings: here’s how ChatGPT helped this quarter – Invezz

Shares of Microsoft Corp (NASDAQ: MSFT) are up 5.0% in extended trading after the tech behemoth reported solid results for its fiscal third quarter.

Should you buy Microsoft stock?

Also a positive was Azure – the company’s cloud-computing platform that grew 27% in the recent quarter versus 26.2% expected.

The earnings print was more than sufficient for D.A. Davidson’s Gil Luria to reiterate his “buy” rating on the Microsoft stock. Speaking with CNBC, he said:

I’d say [buy MSFT here] since they beat on almost every revenue line in this report, indicating that enterprises are consolidating their spend around Microsoft. Azure is always key and they just beat expectations.

Luria sees upside in this tech stock to $325 that suggests another 12% gain on top of the after-hours price action.

Did ChatGPT help drive growth in Q3?

Interestingly, Microsoft noted a 13% annualised growth in “Search” attributed to its multi-billion-dollar investment in ChatGPT that it recently integrated into…

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