Microsoft sales beat estimates as customers prepare for AI rollout
By Yuvraj Malik, Stephen Nellis and Anna Tong (Reuters) -Microsoft on Tuesday beat Wall Street estimates for fiscal first-quarter results in all segments, ...
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By Yuvraj Malik, Stephen Nellis and Anna Tong (Reuters) -Microsoft on Tuesday beat Wall Street estimates for fiscal first-quarter results in all segments, ...
Alphabet cloud business suffers in the face of Microsoft’s AI investment paying off well in September quarter
Microsoft CFO Amy Hood said that demand for AI was the driving factor for a “3 percentage point boost” to the company's cloud business.
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%.
“While a single quarter doesn’t a major trend make, this quarter’s cloud results … suggest that Azure is gaining share against its competition,” said Bob…