Microsoft blows past earnings estimates as cloud growth comes in hot
Microsoft rode better-than-expected growth in its Azure cloud-computing unit to sizable revenue and earnings beats Tuesday.
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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 Microsoft's Azure cloud-computing platform and much of its AI endeavours, which posted revenue of USD 24.3 billion, , microsoft, quarterly results