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Microsoft sales smash Wall Street expectations, driven by cloud and AI
The tech giant released financial results for its fourth fiscal quarter, which ran from May through the end of June, on Wednesday and exceeded Wall Street estimates. Microsoft reported $76.4 billion in revenue with $27.2 billion in profit, both metrics showing their highest year-over-year growth in over two years.
Earnings season for a handful of megacap tech firms has morphed into capex season with the AI arms race showing no signs of ...
The company’s results are likely to ease investors’ worries that big investments in artificial intelligence aren’t paying off ...
Microsoft's earnings showed higher capital expenditures than Wall Street was expecting as the company pushed to extend its artificial-intelligence advantage. The company logged $24.2 billion in ...
Microsoft surpassed Wall Street expectations for quarterly revenue thanks to strong business demand for AI tools in its Azure ...
Microsoft is expected to report continued strength in its cloud business Wednesday, powered by growing corporate demand for ...
Unsurprisingly, one of the first analysts out with a reaction to Microsoft's earnings was Daniel Ives, a big artificial-intelligence bull. He hailed Microsoft's "slam dunk" quarter, which he said ...
Net income climbed to $27.2 billion, a 24% jump one year ago, with the company also reporting earnings per share of $3.65, ...
5hon MSN
A newly released Microsoft Research study has ranked 40 occupations it believes are most at risk from advanced AI tools, ...
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