On September 3, Microsoft rose 3.07% in regular trading, trading at $511.73/share, with turnover of $1.599 billion. The rally was driven by the company's announcement of its most significant financial reporting restructure in over a decade.

Microsoft disclosed that starting FY2027, it will consolidate its three operating segments into two: Agents and Infra and Devices and Consumer. Crucially, the company will begin reporting Azure cloud revenue on a quarterly basis for the first time, addressing longstanding analyst demands for transparency. Restated Q4 Azure revenue came in at $29.42 billion, representing approximately 33% of total company revenue. Under the new structure, Azure grew 42% year-over-year.

The company affirmed its Q1 FY2027 total revenue outlook of $89.85 billion to $90.95 billion, with Azure growth guided at 44%-45% on a constant-currency basis, ahead of the Street consensus of 41.4%. Bank of America raised its price target to $600 from $500, maintaining a Buy rating, citing accelerating AI-driven Azure momentum and Microsoft 365 Copilot surpassing 30 million paid seats.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)