Microsoft shares slide as cloud forecast, AI spending disappoint
1 month, 3 weeks ago

Microsoft shares slide as cloud forecast, AI spending disappoint

The Hindu  

Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down 4.5% in after-hours trading as investors worry about big spending, elusive artificial intelligence revenue and competition from cheaper AI models from China. For more than a year, Microsoft and its Big Tech peers have tested Wall Street's patience by plunking down huge amounts of cash in pursuit of profits from AI that have yet to satisfy investors. Microsoft Chief Financial Officer Amy Hood said Azure would grow between 31% and 32% in the current fiscal third quarter, below the 33% Wall Street expects, according to data from Visible Alpha. Microsoft said AI contributed 13 percentage points of Azure's growth in its fiscal second quarter, up from 12 percentage points the previous quarter. Responding to questions from analysts, Nadella said Microsoft was spending to build out data centers to develop AI models and offer them to customers.

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History of this topic

Amazon share price drops after key division misses earnings as investors get ‘jitters’ over AI spending
1 month, 2 weeks ago

Amazon share price drops after key division misses earnings as investors get ‘jitters’ over AI spending

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tech giant Amazon has seen …

Tech giants double down on their massive AI spending
1 month, 2 weeks ago

Tech giants double down on their massive AI spending

Live Mint  

Tech giants projected tens of billions of dollars in increased investment this year and sent a stark message about their plans for AI: We’re just getting started. “We think virtually every application that we know of today is going to be reinvented with AI inside of it," Amazon Chief Executive Andy Jassy said on Thursday’s earnings call. Here is a …

Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?
1 month, 2 weeks ago

Google owner Alphabet's share price drops overnight - have investors had enough of spending on AI?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The parent company of Google, …

Microsoft and Meta defend massive AI investments amid rising competition from DeepSeek
1 month, 3 weeks ago

Microsoft and Meta defend massive AI investments amid rising competition from DeepSeek

Live Mint  

In the wake of a breakthrough by Chinese upstart DeepSeek in affordable AI computing, executives at Microsoft and Meta have defended their significant investments in AI infrastructure, despite growing concerns over mounting costs and investor impatience. This rapid progress has sparked doubts about the U.S.'s dominant position in AI, with some observers questioning whether the enormous capital investments made by …

Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world
Trending News
1 month, 3 weeks ago

Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world

Deccan Chronicle  

Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended massive spending that they said was key to staying competitive in the new field. DeepSeek's quick progress has stirred doubts about the lead America has in AI with models that it claims can match …

Microsoft CFO tells employees to ‘focus’ as DeepSeek release raises questions on AI spending: Report
1 month, 3 weeks ago

Microsoft CFO tells employees to ‘focus’ as DeepSeek release raises questions on AI spending: Report

Hindustan Times  

Microsoft chief financial officer told employees in an internal memo to keep their heads down and focus, according to a Business Insider report. Kevin Scott, executive vice president of AI and chief technology officer of Microsoft Corp., right, and Sam Altman, chief executive officer of OpenAI, at the Microsoft Build event in Seattle, Washington, US, on Tuesday, May 21, 2024. …

Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world
Trending News
1 month, 3 weeks ago

Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world

Hindustan Times  

Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended massive spending that they said was key to staying competitive in the new field. Meta announced on Friday that they had begun testing DeepSeek's quick progress has stirred doubts about the lead America has …

Microsoft shares drop 5%, Meta up 2% after Q1 results, both companies post profit
1 month, 3 weeks ago

Microsoft shares drop 5%, Meta up 2% after Q1 results, both companies post profit

Live Mint  

Q1 results: Tech giant Microsoft's shares dropped 5 per cent, while fellow Silicon Valley stock Meta was up 2 per cent after their October-December Q1 results, according to AP reports. Microsoft Shares Down 3% Microsoft shares dropped 5 per cent in after-hours trading Wednesday but were still higher than Monday, when the tech giant was hit by a broader tech …

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off
1 month, 3 weeks ago

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

Associated Press  

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. But while its overall profits and revenue beat Wall Street expectations, it slightly missed projections for its closely-watched cloud computing business, a centerpiece of its AI efforts. Sales …

Silicon Valley rattled by low-cost Chinese AI
1 month, 3 weeks ago

Silicon Valley rattled by low-cost Chinese AI

Raw Story  

by Alex PIGMAN Fears that the AI gold rush could be under threat rocked Wall Street on Monday following the emergence of a ChatGPT-like model from China, triggering predictions of turmoil for Silicon Valley and accusations of cheating. On his first full day in office, Trump last week announced a major AI infrastructure project with OpenAI and Japan's SoftBank, emphasizing …

Microsoft plans to invest $3 billion on AI, cloud infrastructure in India
2 months, 2 weeks ago

Microsoft plans to invest $3 billion on AI, cloud infrastructure in India

Live Mint  

Microsoft plans to spend $3 billion over the next two years to expand its cloud and artificial-intelligence infrastructure in India, the latest in a string of investment pledges by U.S. tech giants amid booming AI computing needs. Microsoft Chief Executive Satya Nadella said at an event in Bengaluru, India, on Tuesday that the investment marks the company’s single largest expansion …

Microsoft to invest over $80 billion on specialised AI data centres in fiscal year 2025
2 months, 2 weeks ago

Microsoft to invest over $80 billion on specialised AI data centres in fiscal year 2025

Firstpost  

While Microsoft’s announced $80 billion investment in data centres all over the world, more than half of that amount will be directed towards data centres in the United States as the US continues to be a frontrunner in the global AI race, thanks to private capital investment Microsoft’s role as OpenAI’s primary backer has positioned it as a major player …

Microsoft to Spend $80 Billion on AI Data Centers This Year
2 months, 3 weeks ago

Microsoft to Spend $80 Billion on AI Data Centers This Year

Deccan Chronicle  

Microsoft Corp. plans to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence. Cloud infrastructure providers like Microsoft and Amazon.com Inc. have been racing to expand computing capacity by constructing new data centers. In the previous fiscal year ending in June 2024, Microsoft spent more than $50 billion on capital expenditures, …

Microsoft plans to invest $80 billion on AI-enabled data centers in fiscal 2025
2 months, 3 weeks ago

Microsoft plans to invest $80 billion on AI-enabled data centers in fiscal 2025

CNN  

Reuters — Microsoft is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence models and deploy AI and cloud-based applications, the company said in a blog post on Friday. AI requires enormous computing power, pushing demand for specialized data centers that enable tech companies to link thousands of chips together in clusters. …

Microsoft reports Q1 results with revenue up 16%
4 months, 3 weeks ago

Microsoft reports Q1 results with revenue up 16%

China Daily  

A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, Jan 25, 2021. SAN FRANCISCO -- Microsoft on Wednesday posted a revenue of $65.6 billion for the first quarter of its 2025 fiscal year ending Sept 30, 2024, up 16 percent from the same period of the previous year. Its operating …

Microsoft sinks, chipmakers climb as AI rally faces divide
7 months, 3 weeks ago

Microsoft sinks, chipmakers climb as AI rally faces divide

The Hindu  

Disappointing quarterly results from Microsoft melted $340 billion of stock market value on Tuesday from it and rival heavyweights racing to dominate artificial intelligence technology, while Nvidia and other AI chip sellers rallied after results from Advanced Micro Devices. Its capital expenditure, including finance leases, jumped 78% in the quarter to $19 billion, with Microsoft saying it needs to expand …

Microsoft’s cloud business powers 10% growth in quarterly profits
7 months, 3 weeks ago

Microsoft’s cloud business powers 10% growth in quarterly profits

Associated Press  

REDMOND, Wash. — Microsoft reported a 10% increase in quarterly profits Tuesday as it tries to maintain its position as a leader in artificial intelligence technology. Microsoft’s growth was led by its cloud computing business, where quarterly revenue rose 19% to $28.5 billion. The Redmond, Washington-based company doesn’t report revenue specifically from AI products but says it has infused the …

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia
10 months, 3 weeks ago

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Microsoft is investing $2.2 billion …

After Indonesia, Microsoft to open its regional data centre in Thailand
10 months, 3 weeks ago

After Indonesia, Microsoft to open its regional data centre in Thailand

India TV News  

After Indonesia, Microsoft to open its regional data centre in Thailand Microsoft announced to building of a new cloud and artificial intelligence infrastructure in Thailand, which will focus on providing AI skilling opportunities which will give employment to more than 100,000 people. Microsoft has revealed its plan to construct a new cloud and artificial intelligence infrastructure in Thailand which will …

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
10 months, 3 weeks ago

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia

Associated Press  

JAKARTA, Indonesia — Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the country — Microsoft CEO Satya Nadella said Tuesday. A study held by Kearney, a global consulting firm, said that AI could contribute nearly $1 trillion to Southeast …

Microsoft profits surge on AI as Snap up 27% and Meta stock takes hit
11 months ago

Microsoft profits surge on AI as Snap up 27% and Meta stock takes hit

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thursday’s quarterly financial announcements from big tech firms were a mixed bag, with …

Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
11 months ago

Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products

Associated Press  

Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive. Quarterly revenue from Microsoft’s cloud computing business segment grew to $26.7 billion, up 21% from last year’s January-March quarter. Gartner analyst Jason Wong said many of Microsoft’s customers have …

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan
11 months, 2 weeks ago

Microsoft to Invest $2.9 Billion to Boost AI, Cloud in Japan

Live Mint  

-- Microsoft Corp. will invest $2.9 billion over the next two years to boost its hyperscale cloud computing and artificial intelligence infrastructure in Japan, marking its biggest investment in the country. The announcement was made on Tuesday in Washington after Microsoft President Brad Smith met Japanese Prime Minister Fumio Kishida, who is in the US for the first official visit …

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan
11 months, 2 weeks ago

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan

Hindustan Times  

Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence. Microsoft's Azure, Alphabet-unit Google Cloud and Amazon Web Services are the top three cloud computing companies in the world. Server …

Microsoft-Backed Rubrik Files for IPO: Revenue grows to $628 million, losses widen to $354 million
11 months, 3 weeks ago

Microsoft-Backed Rubrik Files for IPO: Revenue grows to $628 million, losses widen to $354 million

Live Mint  

Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., filed for an initial public offering, disclosing growing revenue and losses. The offering is being led by Goldman Sachs Group Inc., Barclays Plc, Citigroup Inc. and Wells Fargo & Co., according to Monday’s filing with the US Securities and Exchange Commission, confirming a Bloomberg News report. The filing …

Microsoft's Mistral AI deal should be further investigated, EU lawmaker says
1 year ago

Microsoft's Mistral AI deal should be further investigated, EU lawmaker says

The Hindu  

Microsoft's deal with French tech startup Mistral AI should be further investigated, one of the lawmakers who oversaw the drafting of the European Union's landmark AI Act said. On Monday, Microsoft announced it would soon make Mistral's AI models available through its Azure cloud computing platform. Throughout negotiations of the AI Act, Mistral lobbied for looser rules for some models, …

AI companies lose $190 billion in market cap after Alphabet and Microsoft report
1 year, 1 month ago

AI companies lose $190 billion in market cap after Alphabet and Microsoft report

The Hindu  

AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants' reports after the bell underscored investors' elevated expectations following an AI-fueled stock market rally in recent months that propelled their shares …

Microsoft profit soars 33% on AI, cloud-computing investments
1 year, 1 month ago

Microsoft profit soars 33% on AI, cloud-computing investments

Associated Press  

SAN FRANCISCO — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. Analysts polled by FactSet Research expected Microsoft to generate revenue of $61.14 billion, and currently project revenue of $60.97 billion for the January-March quarter. Microsoft’s cloud-focused business segment outgrew its other divisions, with revenue expanding …

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms
1 year, 5 months ago

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms

The Hindu  

Google-parent Alphabet's cloud business crawled to its slowest in 10 quarters, sending the company's stock down 5.7% after hours, even as sales at rival Microsoft's cloud unit boomed. The drop in Google’s share price despite beating Wall Street estimates for profit and sales, shows how much investors want the company to deliver gains in artificial intelligence, and shows the cloud …

Microsoft lays out an aggressive spending plan to serve AI demand
1 year, 8 months ago

Microsoft lays out an aggressive spending plan to serve AI demand

Live Mint  

In a bid to meet the soaring demand for its new artificial intelligence services, Microsoft revealed an ambitious spending plan after outperforming Wall Street's expectations for fourth-quarter revenue and profit. While its Azure sales growth slightly exceeded market expectations, Microsoft's quarterly capital expenditures hit the highest single-quarter total since at least its fiscal 2016. Microsoft forecast Azure revenue growth of …

Microsoft reports $20.1B quarterly profit as it promises to lead ‘the new AI platform shift’
1 year, 8 months ago

Microsoft reports $20.1B quarterly profit as it promises to lead ‘the new AI platform shift’

Associated Press  

Microsoft reported a 20% spike in quarterly profits Tuesday, helping to fuel its battle to get ahead of rivals like Google, Amazon and Facebook parent Meta in selling the latest artificial intelligence technology. Macquarie analyst Sarah Hindlian-Bowler said investors have been focused on Microsoft’s early revenue from those artificial intelligence investments, the performance of the Azure cloud computing platform and …

Microsoft soothes market fears with forecast for strong revenue growth
2 years, 7 months ago

Microsoft soothes market fears with forecast for strong revenue growth

The Hindu  

Microsoft Corp on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services, and sending shares up 5%. “Microsoft is extraordinarily well positioned because of the range of businesses it has and the critical role their software and computing services play for organisations.” Despite the positive forecast for the fiscal year starting …

Microsoft blames economic woes for missing profit targets
2 years, 7 months ago

Microsoft blames economic woes for missing profit targets

Associated Press  

REDMOND, Wash. — Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share — a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years. The company blamed a number of “evolving macroeconomic conditions and other unforeseen items” for affecting its …

Microsoft forecasts double-digit revenue growth on cloud strength
2 years, 10 months ago

Microsoft forecasts double-digit revenue growth on cloud strength

The Hindu  

Microsoft Corp on Tuesday forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services, and its shares jumped about 4%. Microsoft forecast Intelligent Cloud revenue of $21.1 billion to $21.35 billion for its fiscal fourth quarter, driven by strong growth in its Azure platform. there’s still plenty of upside.” Microsoft on Tuesday reported profit …

Microsoft cloud growth forecast bodes well for tech rivals, too
3 years, 1 month ago

Microsoft cloud growth forecast bodes well for tech rivals, too

The Hindu  

After a brief scare, Microsoft Corp reassured tech investors late on Tuesday that the enterprise internet cloud business category has plenty of room to grow. Executives forecast revenue for Microsoft's Intelligent Cloud unit of $18.75 billion to $19 billion for the third quarter, compared with a Wall Street consensus of $18.15 billion, according to Refinitiv data. Jefferies analyst Brent Thill …

Microsoft exceeds quarterly revenue estimates on cloud growth
3 years, 2 months ago

Microsoft exceeds quarterly revenue estimates on cloud growth

Al Jazeera  

The switch to working from home has attracted more users to Microsoft’s office communication software and services. Microsoft Corp exceeded analysts’ expectations for second-quarter revenue on Tuesday, propelled by strong demand for its cloud-based services from more businesses migrating to hybrid work models due to the coronavirus pandemic. The switch to working and learning from home during the pandemic also …

Microsoft sales grow on cloud strength
3 years, 10 months ago

Microsoft sales grow on cloud strength

The Hindu  

Microsoft Corp on Tuesday met analysts' quarterly sales expectations and beat profit estimates, but its shares fell slightly as investors hoped for an even stronger performance after a year-long rally to a massive market valuation. Sales for what Microsoft calls its "commercial cloud" - which contains server infrastructure such as Azure along with cloud-based versions of its Office software - …

Microsoft sales grow on cloud strength, shares dip on heightened valuation
3 years, 10 months ago

Microsoft sales grow on cloud strength, shares dip on heightened valuation

Business Standard  

By Stephen Nellis and Akanksha Rana - Microsoft Corp on Tuesday met analysts' quarterly sales expectations and beat profit estimates, but its shares fell slightly reflecting some skepticism about one-off benefits included in the results and high hopes after a year-long rally. Microsoft said Azure, its closely watched cloud computing business that competes with Amazon.com Inc's Amazon Web Services and …

Microsoft profits soar as cloud demand continues in pandemic
3 years, 10 months ago

Microsoft profits soar as cloud demand continues in pandemic

Associated Press  

Microsoft’s profits soared during the first three months of 2021, thanks to ongoing demand for its software and cloud computing services during the pandemic. Revenue from Microsoft’s productivity segment, which includes its Office suite of workplace products such as email, grew by 15% over the same time last year, to $13.6 billion. Microsoft’s personal computing business segment grew by 19% …

Cloud growth helps Microsoft beat Wall Street expectations
4 years, 4 months ago

Cloud growth helps Microsoft beat Wall Street expectations

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Microsoft beats quarterly revenue estimates thanks to remote work
4 years, 4 months ago

Microsoft beats quarterly revenue estimates thanks to remote work

Al Jazeera  

Microsoft said revenue in its ‘Intelligent Cloud’ segment rose 20 percent to $13bn in the first quarter. Microsoft Corp beat Wall Street estimates for quarterly revenue on Tuesday, powered by growth in its flagship cloud computing business as the software giant continued to benefit from a global shift to remote work and e-learning. Microsoft said revenue in its “Intelligent Cloud” …

Stock market news today: Dow and S&P 500 updates
4 years, 10 months ago

Stock market news today: Dow and S&P 500 updates

CNN  

Many companies are feeling the financial pain from the coronavirus crisis – but not Microsoft. Microsoft’s posted earnings per share of $1.40 on $35 billion in revenue for the three months ended in March, which is the company’s fiscal third quarter. In the announcement Microsoft said sales overall didn’t take a big hit from coronavirus ripple effects, although some areas …

Analytics, AI, IoT help transform industries
5 years, 8 months ago

Analytics, AI, IoT help transform industries

Live Mint  

Last November, at the company’s Future Decoded event in London, Microsoft chief executive officer Satya Nadella insisted that every organization should embrace “tech intensity" to be successful in today’s digital age, which means companies should not only be fast-adopters of technology but also build their own digital capabilities. Narayana Health uses Microsoft’s data analytics and AI in its healthcare business …

Microsoft edges toward $1 trillion valuation on results beat
5 years, 11 months ago

Microsoft edges toward $1 trillion valuation on results beat

Live Mint  

Microsoft Corp.’s cloud computing business fueled quarterly sales and profit that topped analysts’ estimates, boosted by several new deals with large corporate clients. “This was an A+ quarter across the board for Redmond.” Commercial cloud revenue, a measure of sales from Azure, internet-based versions of Office software and some smaller products, rose 41% in the period from a year earlier …

Microsoft briefly valued at $1 trillion after prediction of continuous cloud growth
5 years, 11 months ago

Microsoft briefly valued at $1 trillion after prediction of continuous cloud growth

Firstpost  

Microsoft tops tech rivals such as Amazon in market capitalization on some days. Microsoft shares rose 4.4 percent to $130.54 in late trading after the forecast issued on a conference call with investors, pushing the company ahead of Apple Inc’s $980 billion market capitalization. Microsoft’s “commercial cloud” revenue - which includes business use of Azure, Office 365 and LinkedIn - …

Microsoft profits and revenue rises; 23 percent gain in share prices
5 years, 11 months ago

Microsoft profits and revenue rises; 23 percent gain in share prices

Firstpost  

Microsoft beat estimates for quarterly profit and revenue with shares touching a record high of $125.85 during regular trading hours. Microsoft Corp beat Wall Street estimates for quarterly profit and revenue on Wednesday, powered by adoption of its Azure cloud computing service and the subscription version of its Office software. Microsoft’s so-called “intelligent cloud” unit, which contains its Azure services, …

Microsoft meets Wall Street’s targets for quarterly results, revenue climbs to $32.47 billion
6 years, 1 month ago

Microsoft meets Wall Street’s targets for quarterly results, revenue climbs to $32.47 billion

Firstpost  

Microsoft Corp on Thursday met Wall Street’s targets for its quarterly results and forecast, though Azure cloud computing sales grew more slowly than a year earlier. Azure, Microsoft’s flagship cloud product, had revenue growth of 76 percent in the fiscal second quarter ended 31 December, down from a 98 percent surge a year earlier. Revenue from Microsoft’s productivity software unit …

Microsoft earnings beat expectations as cloud-fueled growth persists
6 years, 5 months ago

Microsoft earnings beat expectations as cloud-fueled growth persists

Live Mint  

Seattle: Microsoft Corp. posted another quarter of brisk revenue growth driven by cloud services, underscoring the company’s success in shifting its business toward internet-based computing. Redmond, Washington-based Microsoft dominates in the fast-growing market for cloud-based office software, and corporate upgrades to Windows operating systems are keeping that product’s sales growing even as PC sales remain flat. As a result, capital …

Microsoft boosts cloud belief and shares with results
6 years, 8 months ago

Microsoft boosts cloud belief and shares with results

Live Mint  

Seattle: Microsoft Corp.’s earnings report and forecast cheered investors, providing further evidence the company can increase cloud sales and squeeze more profit from the area while cutting into Amazon.com Inc.’s massive industry lead. Surveys of customer chief information officers by both Morgan Stanley and Sanford C. Bernstein published in the past month show an increase in companies signing up for …

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