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Microsoft profits soar almost 25% on boom in cloud computing revenues
Microsoft shares jumped 7 per cent in after-hours trading. They had previously risen 22 per cent this year as the company is increasingly perceived by investors as a winner from the AI boom. Its stock market capitalisation of $3.8 trillion is second only to US chipmaker Nvidia.
The closely watched Azure cloud-computing unit posted a 39% rise in sales during Microsoft’s fiscal fourth quarter, the ...
Agence France-Presse on MSN1h
Microsoft quarterly profits soar on AI and cloud growthTechnology giant Microsoft on Wednesday said its profit soared above expectations in the recently ended quarter, driven by ...
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, ...
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 ...
Much of Microsoft’s recent growth has come through the cloud business, which AI companies have been using to host models.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...
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 ...
Sewage workers, railway builders and powerboat drivers are among the jobs least exposed to the rise of artificial ...
By Aditya Soni (Reuters) -Microsoft investors head into Wednesday's earnings with one big question: is the company's ...
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