Microsoft beats quarterly revenue estimates

Microsoft reports quarterly sales up 16% to $65.6B as investors ask if AI spending worth it

Microsoft on Wednesday reported its quarterly sales grew 16 percent to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off.

Microsoft’s quarterly sales up 16% as investors ask if AI spending worth it

AI-related products are now on track to contribute about US$10 billion to the company’s annual revenue.

Microsoft reports quarterly sales up 16% to $65.6 billion

Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off. The company has spent billions of dollars to expand its global network of data centers and other physical infrastructure required to develop AI technology that can compose

Microsoft first quarter earnings beat Wall Street estimates thanks to cloud

CEO Satya Nadella attributed the faster-than-expected growth to artificial intelligence transforming the workplace.

Microsoft reports $65.6 billion in quarterly sales as investors look to know if AI spending worth it

REDMOND, Wash. (AP) — Microsoft on Wednesday reported an 11% increase in profit for the July-September quarter compared to the same time last year as investors looked for signs that the company’s huge spending on artificial intelligence is paying off. The company reported quarterly net income of $24.7 billion, or $3.30 per share, which beat Wall Street expectations. Continue reading at The Republic News.

Microsoft Corporation (MSFT) Earnings Report Dates & Earnings Forecasts

Find annual and quearterly earnings data for Microsoft Corporation Common Stock (MSFT) including earnings per share, earnings forecasts at Nasdaq.com.