Stay updated with breaking news from Intelligent Cloud. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Microsoft beats revenue expectations with AI adoption in cloud services. Stock jumps 4%. Forecasted cloud revenue above Wall Street. Microsoft's value increased by $128 billion. Azure revenue exceeded estimates.
Insightful Analysis of Microsoft Corp's Latest SEC Filings and Strategic Positioning
Five big tech companies announced their quarterly financial results on Thursday with a jump in fortunes for Microsoft, Google and Snap, while those of IBM and Intel were more mixed.
Analysts highlight the growth of artificial intelligence segments from Microsoft's Q3 report and the opportunity ahead.
Technology giant Microsoft Corporation (NASDAQ:MSFT) reported third-quarter financial results that saw revenue and earnings per share beat estimates from analysts. Analysts are praising the company's growth of artificial intelligence platforms. The MSFT Analysts: Oppenheimer analyst Timothy Horan has an Outperform rating and price target of $450. Raymond James analyst Andrew Marok has an Outperform rating and raises the price target from $450 to $480. Goldman Sachs analyst Kash Rangan has a Buy