Microsoft Corp (MSFT) Q1 Earnings: Strong Cloud Revenue Fuels Growth
Revenue and net income increase by 13% and 27% respectively, driven by robust cloud performance
Source: yahoo.com
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Microsoft, Google post starkly different results for cloud, AI sales - National
Microsoft's revenue rose 13 per cent to $56.5 billion in the quarter ended Sept. 30, while Google Cloud's third-quarter revenue rose 22.5 per cent to $8.41 billion.
Source: globalnews.ca
Microsoft reports $56.5 billion in revenue for FY24 Q1, declines in Surface offset by increases in cloud, Office, and Xbox
Microsoft has released its earnings report for Quarter 1 of Fiscal Year 2024, showing a 13% increase in overall revenue year-over-year.
Source: windowscentral.com
Microsoft beats quarterly revenue estimates
(Reuters) -Microsoft on Tuesday beat Wall Street estimates for fiscal first-quarter results in all segments, with its cloud computing and PC businesses growing as customers anticipate using its artificial-intelligence offerings. Microsoft, which has heavily backed and collaborated with OpenAI, has yet to roll out most of the products based on its work with the ChatGPT creator. Microsoft shares were up 3% in after-hours trading.
Source: yahoo.com
Revenue up at Microsoft and Alphabet but 'disappointment' over Google cloud
The two tech giants have reported more overall revenue in the latest quarter than expected by analysts - although growth at Google's cloud computing division slowed and did less well than forecast.
Source: sky.com