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Microsoft beats Wall Street expectations with US$90b in revenue
Microsoft posted strong results for its quarterly earnings on Wednesday, beating expectations and showing strong growth in its cloud computing platform and a boost in paid AI users. The Redmond, Washington company earned US$90 billion, or US$4.81 per share, in the April-June quarter. That is up 18 per cent from the same period a year earlier. Analysts surveyed by FactSet Research had expected the company to earn US$4.24 per share on revenue of US$87.62 billion this quarter.
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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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channelnewsasia.com
Microsoft tops quarterly cloud growth estimates, easing spending concerns
July 29 : Microsoft topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, a sign its massive spending on AI infrastructure was paying off as capacity…
