Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade.
Microsoft's quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker's cloud and artificial intelligence offerings.
Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability.
British competition regulators say they’ll scrutinize recent artificial intelligence deals by Microsoft and Amazon over concerns that the moves could thwart competition in the AI industry.
Microsoft and Alphabet hailed the emerging technology following strong earnings reports, bolstering shares for firms making key AI hardware like Nvidia and AMD.
See the adorable moment! Gene Munster, Deepwater, joins 'Fast Money' to talk Big Tech earnings including Microsoft and Google. Microsoft's capex increase for AI infrastructure is not a surprise, says Deepwater's Gene Munster Microsoft's earnings are about Azure,
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.
During the earnings call, Microsoft CEO Satya Nadella recently indicated that Bing had surpassed 140 million active users daily. This means the platform has gained over 40 million daily active users in over a year after surpassing 100 million daily active users in March 2023.
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 just shared its earnings report for the quarter that ended March 31, 2024. Figures increased across the board and Microsoft beat expectations in several key areas.
Microsoft's leadership in AI and cloud technology is propelling the company to new heights, benefiting shareholders and driving growth. Read more on MSFT here.
Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this crucial market.
UK-based Competition and Markets Authority (CMA) has launched a preliminary investigation on Microsoft's investments, partnerships, and advances in the AI landscape.