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00:02Microsoft could see additional upside from higher Azure pricing over time,
00:06according to BNP Paribas Equity Research.
00:08Analyst Stefan Slewinski maintained a positive view and a $549 price target.
00:14Microsoft told BNP Paribas that higher Azure pricing will apply
00:17as contracts renew rather than changing existing agreements.
00:21Recent Azure strength has instead come from fleet efficiency improvements
00:24and added capacity, with growth already accelerating into the mid-40% range.
00:28Microsoft also said demand for computing capacity remains ahead of supply.
00:33The company confirmed a cumulative cap on its OpenAI revenue sharing arrangement,
00:37but did not disclose the amount.
00:39Shares were up 0.54% at $496.44 at the time of publication on Monday,
00:46according to Benzinga Prodata.
00:47For all things money, visit Benzinga.com.
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