Page 32 - Intelligent Cloud News Today

Microsoft (MSFT) issued earnings that beat Wall Street forecasts, but its stock is down 4% after the company issued revenue guidance that missed expectations. For the quarter ended June 30, Microsoft reported earnings per share of $2.69 U.S., ...

Despite record profits The Software King of the World Microsoft is expected to make more cost-cutting despite making record profits. Vole issued quart...

Microsoft plans to increase its spending on AI services, including the establishment of new data centers, after beating Wall Streets expectations for Q4 revenue and profit. The company aims to meet the growing demand for its AI offerings and is strategically integrating AI into its products.

Microsoft on Tuesday (Jul 25) laid out an aggressive spending plan to meet the demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centres to support AI, and Chief Financial O

Costs rose sharply as Microsoft built new data centers to support AI, and chief financial officer Amy Hood said on a conference call with analysts the companys capital expenditures would continue rising each quarter throughout fiscal 2024.

Asian stocks look set for a subdued open, following a mixed showing in Microsoft and Alphabet’s result releases after-market.

MSFT earnings call for the period ending June 30, 2023.

The numbers include a big increase in revenues for Microsoft's Cloud services at $30.3 billion, up 21 percent year-over-year, but decreases in Windows OEM and devices revenues year-over-year.

Microsoft's stock falls as demand for cloud services cools - SiliconANGLE

Microsoft, the technology giant, has released its financial results for the April-June quarter of 2023, showcasing remarkable growth