Not necessarily. Scheduled key rotation has a lot of conceptual problems:
1. As MS found, revoking old keys is very risky because doing so creates outages. But if you don't do it then changing keys is useless. This isn't a problem specific to Microsoft. Lots of companies have learned this lesson the hard way.
2. It assumes that attackers don't just use stolen keys immediately (e.g. to issue more keys, change passwords, create new accounts etc). In practice they usually do.
3. It assumes that if you change the keys the attackers can't just immediately re-steal the new keys.
So it's only really a useful practice in one very specific scenario: you do something that boots undetected attackers out of your network without realising that's what it did, and the attackers need ongoing access that only that key can provide, and they can't use that key to elevate permissions in a more permanent way like by creating a new account on the system or stealing a user password. Pretty specific scenario.
Unfortunately, key rotation also comes with big downsides. Any software that works with keys has to be built to tolerate a change silently, because now it's a regular occurrence instead of a rare one (where maybe a bit of disruption can be absorbed). That creates complexity and therefore bugs. And because it's a repetitive piece of fiddly and complex work that can break your entire service if you get it wrong it inevitably gets automated, and that in turn means that you end up with a large collection of highly privileged subsystems that have the power to silently change keys in ways admins won't notice because they are expecting it: exactly the sort of thing attackers will immediately focus on.
Overall it's not an obviously winning move. Opportunity cost matters too. Whilst you're setting up all the infrastructure to do this, ironing out the bugs, cleaning up after the outages etc, your competitors might be investing in other kinds of security best practices that are more effective. It's especially useless here because MS don't know how the key was stolen to begin with, so there's no reason to think that if they changed it that would have had any effect. Most likely it could have just been immediately restolen and all the effort would have been theatre.