Microsoft's Cloud Growth, Cash Flow Offer Respite From AI Spending Fears
Azure revenue topped estimates and capital spending came in below forecast, easing investor concerns about Microsoft’s AI spending plans.
6 Articles
6 Articles
Microsoft beats expectations, fuelled by Azure cloud business
The quarterly earnings report comes just days after Microsoft offered voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce. (EPA Images pic)SAN FRANCISCO: Microsoft shares popped more than 5% Wednesday afternoon after it reported better than expected revenue and profit, fuelled by its Azure cloud computing division which grew by 48% in the September quarter."We are delivering greater capability, choice, control, and co…
The Redmond Group (State of Washington), whose title earned almost 4% in electronic exchanges after the closure, recorded a turnover of $92.3 billion between July and September, up 19% over a year, well above the consensus of the analysts. Azure's revenues, which represents about a third of the Group's turnover, jumped by 48% over a year, compared to 42% in the previous quarter. "We made a very good start to the year," said Financial Director Am…
Microsoft's free cash flow also exceeded expectations by about $10 billion last quarter
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