In the discussion on Bloomberg The Close, the speakers said Microsoft performed fairly well in both cloud and capital spending, so they were unsure why its shares had fallen. For ServiceNow, next-quarter guidance on commercial remaining performance obligations looked light after about 21% growth this quarter, with acquisitions over the past 12 months possibly contributing. Microsoft's M365 commercial cloud growth of about 18 to 19% accelerated, largely tied to paid Copilot seats, though the speakers had not seen paid Copilot figures in the results. Microsoft, Alphabet and Amazon each have backlogs above 500 billion dollars, and Microsoft said about one-third of its backlog would flow through over the next several quarters. The speakers also noted that RPO declined by 1 billion sequentially.
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Related tickers and likely impact
MSFT
• NeutralMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/28/2026 | 530.83 |
| Change that session | -0.09% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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