微软：Cloud revenue growth reaccelerated-20250502

2 May 2025 CMB International Global Markets | Equity Research | Company Update Microsoft (MSFT US) Cloud revenue growth reaccelerated Microsoft reported (1 May HKT) 3QFY25 (June year-end) results: revenue was US$70.1bn, up 13.3% YoY (2QFY25: +12.3% YoY), 2% better than both our forecast and consensus estimates, mainly driven by a 3/6% beat in Intelligent Cloud / More Personal Computing (MPC) segment. Net profit was up 17.7% YoY to US$25.8bn, 7% better than our forecast and consensus, driven by better- than- ...