Published 10 days ago

Microsoft Sales and Profit Beat Expectations on Robust AI Demand

Microsoft introduced Surface PCs with a Copilot chatbot key, sold to small businesses with Microsoft 365 subscriptions, and appointed Mustafa Suleyman from DeepMind to lead a new AI group.
Microsoft exceeded analysts' predictions in Q1 2024, with $12.5 billion operating income in the intelligent cloud division outperforming estimates.
Suleyman, previously co-founder and CEO of Inflection, brought along employees to Microsoft.

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Reuters

Microsoft beats quarterly revenue estimates

Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products.

10 days ago·United Kingdom

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CNBC

Microsoft cloud growth accelerates on back of AI push

Microsoft added artificial intelligence talent through a deal with startup Inflection in the quarter, as it worked to sell a productivity chatbot to clients.

10 days ago·United States

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Bloomberg

Microsoft Sales, Profit Beat Expectations on AI Demand

Microsoft Corp.’s quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker’s cloud and artificial intelligence offerings.

10 days ago·United States

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Forbes

Microsoft Smashes Earnings Expectations—Stock Up 5%

The world’s largest company continues to impress Wall Street.

11 days ago·United States

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MarketWatch

Microsoft's stock cruises higher on strong Azure growth

The company reported fiscal-third quarter net income of $21.9 billion, or $2.94 a share, up from $18.3 billion, or $2.45 a share, in the year-earlier quarter. Analysts were modeling $2.82 a share. Revenue rose to $61.9 billion from $52.9 billion and ahead of the FactSet consensus, which was for $60

10 days ago·United States

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The Verge

Microsoft’s Surface and Xbox hardware revenues take a big hit in Q3

Microsoft’s cloud revenues make up for a big hit in revenue for devices and Xbox hardware. Cloud and Office are once again the stars for Microsoft earnings.

10 days ago·United States

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