CNBC’s Jim Cramer is disappointed with Microsoft ‘s latest quarter but did see some positives. Microsoft’s report overall Wednesday evening “was not joyous,” Cramer said on ” Squawk on the Street ” as shares were dropping 5%. They are down more than 16% year to date. In fact, Cramer ranked Microsoft performance near bottom among Alphabet , Meta , and Amazon — which all reported quarterly results after Wednesday’s close. He put Meta dead last. “I do not think that you need to buy Microsoft here,” Cramer later said during the CNBC’s Investing Club Morning Meeting. The tech giant is Club holding. MSFT YTD mountain Microsoft YTD The software and cloud giant did deliver a better-than-expected quarter, issuing strong guidance for its critical Azure cloud business. Microsoft forecasted Azure cloud growth between 39% and 40%, above Street consensus of 37%. Cloud revenue rose over $54 billion for the quarter, up 29% year over year. “A lot of people got excited about that [Azure’s guidance], but it turned out that there’s a lot of aspects of Microsoft that just feel like software,” Cramer said. That’s why the stock was getting dinged. Among the chief concerns is Microsoft’s seat-based business model of its Office suite, which Wall Street largely believes is being threatened AI code-writing. The worries aren’t enough to temper Wall Street’s majority bullish sentiment on Microsoft’s stock. “I couldn’t believe it,” Cramer said, pointing to the slew of positive post-earnings reactions and buy ratings from Street analysts like Bank of America, Morgan Stanley, and Goldman Sachs. Cramer reiterated his stance. “I have no interest in buying Microsoft.” Jim Cramer ranks hyperscalers’ earnings Alphabet is winner, sees more upside ahead Amazon going up another 15% and not stopping there Far from impressed with Microsoft earnings. Here’s why Don’t let Meta’s post-earnings plunge scare you out of the stock