Microsoft's (MSFT) second-quarter fiscal 2024 results reflect strength in the Azure business and Office 365, boosted by growing AI business...

Microsoft (MSFT) posted the highest profit growth in more than two years and the strongest revenue growth since 2022...

While Microsoft's (MSFT) fiscal second-quarter earnings beat estimates, Wall Street supposedly expected more from AI-driven revenue streams. Brent Bracelin, Piper Sandler Equity Research Analyst on Cloud, joins Yahoo Finance Live to discuss the outlook for future revenues as generative AI turns roughly one-year-old in its adoption by tech giants. "I think we're in a classic case here where we saw earnings reports out of the vast majority of the cloud 100 challenge that would suggest during Q3 things started to stabilize," Bracelin says. "In Q4, Microsoft is really the big, first cloud company to report, and they're showing stabilization, maybe a little bit more softness on the cloud Azure optimization side more than offset by AI. Microsoft is unique in that they have material AI tailwinds." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan...