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Dow Jones Top Company Headlines at 7 PM ET: Microsoft Profits Jump 31% as Azure Cloud Sales Surpass $100 Billion | Meta ...
Microsoft Profits Jump 31% as Azure Cloud Sales Surpass $100 Billion
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thenextweb.com
Microsoft Q4: Azure tops $100bn, AI bet mostly pays off
Microsoft’s Azure grew 43% and passed $100bn for the year, its backlog hit $678bn, and the stock rose 2%. But AI capital spending keeps climbing.
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Meta’s revenue beat, but free cash flow fell 91%
Meta’s revenue rose 28% to $60.8bn, but profit fell 14% and free cash flow collapsed 91% to $784m as its AI build-out costs climbed. The stock dropped.
