AI and cloud growth fuel first quarter revenue boost for Microsoft
Microsoft’s all-in approach to AI appears to pay off as the tech giant posted strong financial results for the first quarter of its 2024 financial year.
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Microsoft’s all-in approach to AI appears to pay off as the tech giant posted strong financial results for the first quarter of its 2024 financial year.
Yesterday, Microsoft (Nasdaq: MSFT) announced its first quarter results that surpassed market expectations. The market was impressed, and the stock gained 4% in the after hours trading session. Microsoft's Financials Microsoft's revenues grew 13% to $56.52 billion, significantly ahead of the market's forecast of $54.5 billion. Adjusted income grew 27% to $2.99 per share, which was also ahead of the Street's forecast of $2.65 per share. Microsoft's Intelligent Cloud segment revenues grew 19% to $24.26 billion, ahead of the $23.49 billion consensus. Azure revenues jumped...
Microsoft Corporation has revealed impressive financial results for the quarter ending on September 30, 2023, demonstrating remarkable growth
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