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Cloud Stocks: Microsoft Sees High Adoption of its AI Platform

Last week, Microsoft (Nasdaq: MSFT) announced its third quarter results that exceeded analyst estimates driven by its AI momentum. However, its weak outlook brought down the momentum in its share price. Microsoft's Financials Microsoft's third quarter revenues grew 17% to $61.86 billion, beating analyst estimates of $60.8 billion. EPS was $2.94, which was also ahead of the Street's forecast of $2.82. Microsoft's Intelligent Cloud segment revenues grew 21% to $26.71 billion versus the estimate of $26.26 billion. Azure revenues grew 31%, ahead of the estimated 28.6%. Revenues from the Productivity and Business Processes unit, including Office productivity software, LinkedIn, and Dynamics, grew 12% to $19.57 billion, beating the Street's forecast of $19.54 billion. Revenue from its More Personal Computing segment grew 18% to $15.58 billion, beating the analyst estimate of $15.08 billion. Growth was driven by 62% growth in Xbox content and services revenue, driven ....

Satya Nadella , Azure Open Ai Service , Azure Ai Bot Service , Intelligent Cloud , Business Processes , More Personal Computing , Azure Open , Github Copilot , Microsoft Azure , Asdaq Msft , Generative Ai , Technology Stocks ,

Sigma Announces AI Toolkit for Business and Launches Sigma Actions to Support Custom Data Applications

Sigma Announces AI Toolkit for Business and Launches Sigma Actions to Support Custom Data Applications
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Mike Palmer , Experte Carsten Stork , Zwei Rohstoff Chancen , Azure Open , Snowflake Customers , Snowflake Cortex , Sigma Copilot , Rob Woollen , Custom Data Applications Evolution , Sigma Actions , Provide New Ways , Input Tables , With Sigma Actions , Multi User Workflows ,