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Microsoft's Azure cloud revenue surges as AI spending pays off
Microsoft's Azure cloud-computing business delivered another quarter of blockbuster growth on Wednesday, powering revenue above Wall Street's expectations and showcasing the growing returns on its massive artificial intelligence bets.
Shares in the software giant rose 7.3 percent to $551 in after-hours trading as investors anticipate greater artificial ...
By Aditya Soni (Reuters) -Microsoft investors head into Wednesday's earnings with one big question: is the company's ...
Much of company’s recent growth has come through the cloud business, which AI companies have been using to host models.
The company’s results are likely to ease investors’ worries that big investments in artificial intelligence aren’t paying off ...
Net income climbed to $27.2 billion, a 24% jump one year ago, with the company also reporting earnings per share of $3.65, ...
Sewage workers, railway builders and powerboat drivers are among the jobs least exposed to the rise of artificial ...
Microsoft published a list of jobs that are expected to disappear due to AI or survive the clash with the new technology. Internet users pointed out that the juxtaposition was probably created by ...
Total revenue rose 18% to $76.4 billion in the April-June period, the company's fiscal fourth quarter. Azure revenue rose 39% ...
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 ...
S&P 500 and Nasdaq futures climbed to record levels on Thursday, after blockbuster earnings from Meta and Microsoft signaled ...
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