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Microsoft Reports 10% Quarterly Profit Growth
Microsoft Continues to Spend Big on A.I. as Profit Grows 10%
The tech giant’s revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for tech stocks.
Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off
Microsoft said Wednesday that its profit for the October-December quarter grew 10% as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology.
Microsoft reports 10% quarterly profit growth, investors dismayed by AI performance, left wanting for more
Despite the overall positive results, Microsoft’s shares dropped by 5 per cent in after-hours trading on Wednesday. The decline came after a broader sell-off in tech stocks, spurred by growing concern
Microsoft Stock Falls on Weak Cloud Computing Growth
Microsoft’s AI revenue grows, but its stock falls on lower guidance and concerns over spending
Microsoft is a key backer of OpenAI and it has committed to spending $80 billion on AI infrastructure this year in order to expand its global network of high-powered data centers to meet demand for the specialized chips required to train and run AI models.
MSFT Earnings: Microsoft Stock Falls on Weak Cloud Computing Growth
Shares of Microsoft (MSFT) are down after the technology giant reported Fiscal second quarter financial results that showed weak growth in its
Microsoft revenue beats estimates but cloud results pull down the stock
Microsoft had a slight beat on overall revenue in the quarter, but a miss in cloud was the big disappointment, causing its stock to fall in after-hours trading. Overall, its revenue was $69.6 billion,
AFP on MSN
19h
Microsoft profit rises but cloud business misses mark
Microsoft on Wednesday reported profits of $24.1 billion in the recently ended quarter, but shares slid on worries over its ...
12h
Microsoft shares slide as cloud forecast, AI spending disappoint
Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down 4.5% in ...
1h
on MSN
Microsoft cloud growth constrained by data center shortage
Microsoft said its cloud-computing business will continue to grow slowly in the current quarter as the company struggles to ...
15h
Microsoft results disappoint investors wanting more from AI
Microsoft on Wednesday posted disappointing Azure cloud business growth and large artificial intelligence expenses, hitting ...
19h
Microsoft (NASDAQ:MSFT) Beats Q4 Sales Targets
Tech giant Microsoft (NASDAQ:MSFT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 12.3% ...
19h
Microsoft Corporation Bottom Line Advances In Q2, Beats Estimates
Microsoft Corporation (MSFT) revealed a profit for its second quarter that increased from the same period last year and beat the ...
TweakTown
17h
Xbox doubles down on profit, high-margin businesses: Xbox Game Pass, breaking exclusivity, etc.
Microsoft CEO Satya Nadella gives an update on the state of the Xbox business, saying that releasing games like Black Ops 6 ...
17h
Microsoft focused on improving profits in gaming
Microsoft CEO Satya Nadella told Wall Street that the company is focused on improving profits in its video game business. Overall gaming revenue fell 7%, and Xbox hardware revenue tumbled 29% in the ...
CCN on MSN
6h
Wall Street Reacts to Big Tech Earnings: Tesla, Microsoft Slip While Meta Surges
Tesla’s core business underperformed in Q4, missing analyst expectations for both earnings and revenue. Microsoft’s Q2 ...
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