Page 45 - Tech Prowess News Today

Microsoft beats revenue expectations with AI adoption in cloud services. Stock jumps 4%. Forecasted cloud revenue above Wall Street. Microsofts value increased by $128 billion. Azure revenue exceeded estimates.

Deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal.

Alphabet announced its first dividend and a $70 billion stock buyback, leading to a 16% stock surge. The company invests in data centers for AI competition, beating sales and profit expectations, while Meta Platforms also declared its first dividend.

​The profit stood at Rs 1,118 crore in last years March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain.

Tata Electronics is internally developing "very sophisticated" and complex high-precision machines used to produce the casing of these iPhone, sources told ET.

Intel predicts lower Q2 revenue and profit, shares down 8%. Weak demand for data center, PC chips. Nvidia leads AI market. Gelsinger optimistic about Intel rebound.

Blinkit boosts Zomatos value surpassing its food delivery business. Blinkits implied value is Rs 119 per share, while Zomatos food delivery business is valued at Rs 98 per share.

Teslas new strategy focuses on offering more affordable models using existing platforms, steering away from the Model 2. The shift mirrors traditional automakers, sparking investor optimism despite concerns about execution risk.

Mphasis reported a 2.9% net profit decline to Rs 393.22 crore and a 1.5% revenue drop to Rs 3,412 crore. Full-year results showed a 5% profit decrease and a 3.7% revenue dip in FY24. Deal wins totaled $1.38 billion.

Swiggy, which secured a nod from its shareholders for a $1.25 billion public listing earlier this week, has made the filings through Sebis confidential route.