Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products. Revenue rose 17% to $61.9 billion in the quarter ended March,
Microsoft's quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker's cloud and artificial intelligence offerings.
Microsoft Corp.’s quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker’s cloud and artificial intelligence offerings. Revenue in the third quarter rose by 17%,
After Microsoft (MSFT) reported earnings for the third quarter of the 2024 fiscal year that beat analysts' estimates, Chief Executive Officer Satya Nadella and Chief Financial Officer Amy Hood provided investors with updates on the company's artificial intelligence (AI) and cloud businesses.
While Microsoft shares are up for the year, they've lagged the other Magnificent Seven gainers so far in 2024. Five members of the large technology grouping known as the Magnificent Seven have seen stock gains this year,
Software maker Microsoft reported strong third-quarter earnings on Thursday, led in part by its AI technology and cloud businesses, it said in a statement.
Continued growth in Microsoft's cloud business — fueled in part by the boom in AI — helped the software giant top sales and earnings expectations for the latest quarter, the company announced Thursday.
Microsoft Corp. is certainly benefitting from artificial intelligence, but not to the degree of Nvidia Corp. That’s according to Melius Research analyst Ben Reitzes, who wrote recently that the March quarter was likely a “tweener” for many large technology companies like Microsoft.
More earnings from Big Tech companies roll in later today, with Microsoft and Alphabet reporting after the market close. Intel, Snap, Roku, and Western Digital also release results. The group follows Meta Platforms.
Microsoft (NASDAQ:MSFT) shares rose around 4% in extended hours as the tech giant reported fiscal third-quarter results that topped expectations. For the period ending March 31, Microsoft (MSFT) earned $2.
Microsoft's demand for consumption-based artificial intelligence services in the cloud is outstripping supply, CFO Amy Hood said on the company's earnings call. The company will again materially bump up capital expenditures in the current quarter,
Microsoft is due to report March quarter earnings after the close of trading on Thursday, and you can be sure that the focus is going to be on the cloud and artificial intelligence. There are reasons to feel optimistic.
Microsoft added artificial intelligence talent through a deal with startup Inflection in the quarter, as it worked to sell a productivity chatbot to clients.
Microsoft on Thursday said earnings in the last quarter beat expectations as the tech titan continued to see its aggressive push into artificial intelligence boost revenues and profit.