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This article first appeared on GuruFocus. Cerebras Systems (NASDAQ:CBRS) shares jumped 11.70% to $109.19 as of 9:53 a.m. ET in Friday's regular session on November 13, after CEO Andrew Feldman confirmed a cloud computing agreement with Microsoft on Thursday's earnings call. Terms were not disclosed, and the company plans to share more next year. Warning! GuruFocus has detected 3 Warning Signs with CBRS. Is CBRS fairly valued? Test your thesis with our free DCF calculator. The quarter showed a business turning into a cloud provider. GAAP revenue rose 55% to $210.8 million, and core revenue grew 70% to $230.9 million. Cloud and other services made up about 67% of GAAP revenue, with GAAP cloud revenue up 265%.
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