Veytics Intelligence
2026-10-29 · Yahoo

Dan Ives Says Microsoft Is the ‘Barometer’ for AI Spending as Azure Reaches 48% Growth

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Microsoft Corp. is giving investors a real-time test of whether the artificial intelligence boom is translating into enterprise spending, and its latest results point to accelerating demand. Yorkville Ives analyst Dan Ives sees Microsoft as a "barometer" for the enterprise AI revolution, with Azure growth beating expectations and management forecasting another acceleration. Microsoft reported fiscal first-quarter revenue of $92.28 billion, up 19% year over year, beating Wall Street's $90.62 billion consensus. Adjusted earnings reached $4.89 per share, excluding gains from OpenAI investments, compared with expectations of $4.

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