Microsoft Financials: Cloud Growth vs. Infrastructure Headwinds (heise.de)

• Cloud revenue continues to anchor growth
• Windows and Xbox performance remains flat
• Memory price spikes inflating data center CAPEX

"Microsoft outperformed revenue expectations, largely supported by robust cloud demand. However, stagnation in the Windows and Xbox segments indicates softening consumer and OEM markets. Rising memory prices are forcing a significant increase in capital expenditure for data centers, highlighting a vulnerability in the company's reliance on hardware-intensive scaling."