Page 17 - Intelligent Cloud News Today

San Francisco: Riding on the AI wave, Microsoft reported $56.5 billion in revenue (up 13 percent) and a net income of $22.3 billion, an increase of 27

Riding on the AI wave, Microsoft reported $56.5 billion in revenue (up 13 per cent) and a net income of $22.3 billion, an increase of 27 per cent, during its first quarter of 2024 fiscal.The revenue in the PC vertical was $13.7 billion and ...

Oct 24 (Reuters) - Google Inc Alphabet Inc's (GOOGL.O) cloud business crawled to its slowest pace in at least 11 quarters, sending the company's stock

Google-parent Alphabet's cloud division posted its weakest growth in nearly three years, leading to a 5.7% decline in its stock value in after-hours trading. This decline is even more striking when juxtaposed with the success of Microsoft's cloud division, which has seen a substantial surge in sales.

Microsoft Corp MSFT shares are trading higher Wednesday after the company reported better-than-expected financial results and issued an upbeat outlook.…

Microsoft rode better-than-expected growth in its Azure cloud-computing unit to sizable revenue and earnings beats Tuesday.

Amid the stock market slump, investors are getting a reprieve due to stronger-than-expected operating results from bellwether firms.

Google-parent Alphabet's cloud business suffered as long-time rival Microsoft's took off in the September quarter, demonstrating early signs that the Windows maker's investment in artificial intelligence was paying off. Alphabet's shares fell 7% in after hours trading on Tuesday. Microsoft's rose 5%.

Microsoft posts strong results on growing demand for AI services - SiliconANGLE

A standout performer was the Intelligent Cloud unit, home to Microsofts Azure cloud-computing platform and much of its AI endeavours, which posted revenue of USD 24.3 billion, , microsoft, quarterly results