Microsoft Earnings Jump as AI Demand Boosts Cloud Unit - MSN

The company’s Azure cloud business grew 30%, beating analysts’ estimates of 27%. Behind that demand has been the continuing interest in cloud AI services that Microsoft has been leaning into ...

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Microsoft Earnings Jump As AI Demand Boosts Cloud Unit - MSN

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The company’s Azure cloud business grew 30%, beating analysts’ estimates of 27%. Behind that demand has been the continuing interest in cloud AI services that Microsoft has been leaning into ...

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Microsoft Profit Soars 33% On AI, Cloud-computing Investments

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Jan 31, 2024 · Updated 5:01 PM PST, January 30, 2024. SAN FRANCISCO (AP) — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by …

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Microsoft Earnings: Firm Beats Forecasts On Strong AI And Cloud …

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Apr 26, 2024 · Intelligent cloud performance was critical in an all-around good quarter, as Microsoft cloud revenue increased 23% to $35.1 billion. Azure remains the key driver, and it …

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Microsoft Beats Expectations With Q1 Earnings Driven By Cloud

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October 30, 2024, 1:46 PM PDT. Microsoft beat Wall Street estimates for its latest quarter with the help of its all-important cloud services business. The tech giant on Wednesday reported $65.6 ...

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Microsoft Earnings Top Expectations On Cloud Strength - Axios

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Jan 30, 2024 · By the numbers: Revenue was $62 billion, up 18% and ahead of estimates of around $61.1 billion. Per-share earnings were $2.93, up 33% and ahead of estimates of …

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Microsoft Earnings: What Happened With MSFT - Investopedia

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Jul 22, 2020 · Growth has been generally strong on a quarterly basis. Recently, Microsoft's adjusted EPS rose by 37.2% and 23.2%, respectively, in Q2 and 3Q FY 2020. That growth …

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Microsoft Blows Past Earnings Estimates As Cloud Growth

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Oct 24, 2023 · Microsoft's cloud-computing unit, dubbed Intelligent Cloud, saw a 19% bump in revenue to $24.3 billion during the latest quarter. ... Analysts tracked by FactSet were …

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Microsoft Sales Top Estimates; Cloud Growth Disappoints Some

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Jan 30, 2024 · Analysts polled by Bloomberg on average estimated per-share earnings of $2.78 on sales of $61.1 billion. Azure cloud-services sales gained 30%, compared with 29% growth …

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Microsoft Beats Analyst Predictions For Fiscal Q1 On Strong Cloud …

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Oct 24, 2023 · Microsoft posted better-than-expected earnings for the first quarter of fiscal year 2024. The company reported $22.3 billion in net income, up 27% versus a year ago while …

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Microsoft Earnings Jump As AI Demand Boosts Cloud Unit

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Jan 31, 2024 · Microsoft MSFT 0.35% recorded its highest profit growth in more than two years as excitement about artificial intelligence helped power the growing demand for its cloud services. …

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Microsoft Gains After Cloud Growth Drove Revenue Surge - Yahoo …

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Oct 25, 2023 · Revenue in the fiscal first quarter, which ended Sept. 30, rose 13% to $56.5 billion, the most in six quarters and topping analysts’ average projections. Profit was $2.99 a share, …

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Microsoft Earnings: What To Expect From Azure, Office And AI

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Jan 30, 2024 · Analysts are looking for Intelligent Cloud revenue to rise 18% to $25.3 billion. That unit includes Azure. The More Personal Computing business, which includes Xbox and …

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FAQs about Microsoft Earnings Jump as AI Demand Boosts Cloud Unit - MSN Coupon?

How much revenue does Microsoft make from cloud services?

For the first fiscal quarter, Microsoft reported $38.9 billion in revenue from cloud services, up 22% from the same period a year earlier. Cloud services is a closely watched metric because corporations often use cloud providers to power their AI data crunching. In the latest fiscal year, it accounted for nearly 43% of Microsoft’s annual revenue. ...

How did Microsoft's cloud business boost revenue?

Revenue climbed by 13% on a YOY basis to $56.5 billion as Microsoft's cloud business provided an unexpected boost. Microsoft's cloud business, Azure, grew sales significantly more than the 26% investors had predicted. The 29% jump was fueled by the company's consumption-based services, Microsoft said. ...

How did Microsoft's AI services impact sales in Q3?

Demand for Microsoft’s AI services boosted sales by 7 percentage points during the quarter, up from 6 in the previous quarter and 3 in the one before that. Hood said the size of deals with companies to use Azure was growing and that the pace of cloud sales growth in the first three months of the year would be similar in the current quarter. ...

How did Microsoft's cloud performance perform in a good quarter?

Intelligent cloud performance was critical in an all-around good quarter, as Microsoft cloud revenue increased 23% to $35.1 billion. Azure remains the key driver, and it did not disappoint, coming in at 31% year-over-year growth in constant currency, which was ahead of guidance for the third straight quarter. ...

How did Microsoft's Cloud Sales perform in the past quarter?

Microsoft's sales of Azure and other cloud services increased 50% in the last quarter, just shy of the 51% rate in the prior quarter. Sales of Office 365 to business customers rose 23% due to demand for advanced features pushing more customers towards pricier subscriptions. ...

Why did Microsoft's profit rise 33% in October-December?

SAN FRANCISCO (AP) — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. The company said that increase largely reflected growth in its cloud-computing unit, where Microsoft focuses most of its AI investments. ...