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Microsoft Defies Tech Slide as Cloud Backlog Surges to $678 Billion

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The Story

News Summary

  • Microsoft shares rose 1.1% despite broader tech weakness, bolstered by an 84% surge in commercial backlog to $678 billion and 43% Azure growth.
  • Strong revenue and cloud expansion offset heavy AI-related capital expenditures that compressed free cash flow.
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MSFT price history

490.30 +0.28% over the displayed period

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