Microsoft reports big profits amid massive AI investments

Oct 30, 2024 · The fiscal quarter, which covered July through September, saw overall sales rise 16 percent year over year to $65.6 billion. Despite all that AI spending, profits were up 11 …

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Microsoft Reports Big Profits Amid Massive AI Investments

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Oct 30, 2024 · The fiscal quarter, which covered July through September, saw overall sales rise 16 percent year over year to $65.6 billion. Despite all that AI spending, profits were up 11 …

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Microsoft's Financial Disclosures Show How OpenAI Is Fueling …

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Oct 31, 2024 · At the same time, Hood sought to make clear that Microsoft’s overall AI investment is paying off, noting that the company’s AI business is on pace to exceed a $10 billion annual …

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Microsoft Reports Big Earnings In AI, Microsoft 365 Commercial …

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Oct 30, 2024 · By the numbers: Microsoft reported per-share earnings of $3.30, on revenue of $65.6 billion, both ahead of analyst expectations. Server products and cloud services revenue …

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

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Jan 31, 2024 · MSFT. SAN FRANCISCO (AP) — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial …

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Microsoft Reports Boost In Profits, Revenue, As It Pushes AI

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Apr 25, 2023 · Microsoft on Tuesday reported a 9% increase in profit for the January-March quarter, as growth in cloud computing sales helped bolster its plans to expand its use of …

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Microsoft Reports $20.1B Quarterly Profit As It Promises To Lead 'the ...

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Jul 25, 2023 · Microsoft reported a 20% spike in quarterly profits Tuesday, helping to fuel its battle to get ahead of rivals like Google, Amazon and Facebook parent Meta in selling the latest …

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Microsoft Reports Quarterly Sales Up 16% To $65.6 Billion As …

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Oct 31, 2024 · 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 …

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Microsoft CFO Says OpenAI Investment Will Cut Into Profit This …

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Oct 30, 2024 · Microsoft CFO says OpenAI investment will cut into profit this quarter. Microsoft CFO Amy Hood said the company will record around $1.5 billion in other expense, mainly …

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Microsoft Profits Jump 20% As OpenAI Bet Begins To Pay Off

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Apr 25, 2024 · Microsoft has leveraged its $13 billion investment in research pioneer OpenAI to create a series of AI assistants and other features for products ranging from Windows to …

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Investors Want Profits From AI. Microsoft And Alphabet Delivered ...

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Apr 26, 2024 · Microsoft reported $21.9 billion in profits for its quarter ending on March 31, a 20% increase from the last fiscal year of the same period. Google's parent company reported $23.7 …

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Microsoft Reports Big Profits Amid Massive AI Investments

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Oct 30, 2024 · The Ars-reported figures don't seem right at all, as "Azure and cloud services" is under the 'Intelligent Cloud' section of the earnings report at 20% growth, not 33% as Samuel …

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Microsoft Reports Quarterly Sales Up 16% To $65.6 Billion As …

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Oct 30, 2024 · 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.

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FAQs about Microsoft reports big profits amid massive AI investments Coupon?

How much did Microsoft spend on AI?

Ars Technica's Samuel Axon reports on Microsoft's quarterly earnings: Some investors have been uneasy about the company's aggressive spending on AI, while others have demanded it. During this quarter, Microsoft reported that it spent $20 billion on capital expenditures, nearly double what it had spent during the same quarter last year. ...

Is artificial intelligence a good investment for Microsoft?

Karen Weise covers Microsoft from Seattle. Microsoft gave more signs on Thursday that its hefty investments in artificial intelligence were beginning to bear fruit, as it reported a 17 percent jump in revenue and a 20 percent increase in profit for the first three months of the year. Revenue was $61.9 billion, up from $52.9 billion a year earlier. ...

How has AI impacted Microsoft's financial results?

Microsoft became one of the few major firms to translate intensifying AI interest into tangibly better financial results, as the firm has posted record revenues in each of its last two fiscal quarters, buoyed by 20% year-over-year growth in its AI-heavy intelligent cloud division. ...

Is Microsoft's AI investment paying off?

At the same time, Hood sought to make clear that Microsoft’s overall AI investment is paying off, noting that the company’s AI business is on pace to exceed a $10 billion annual revenue run rate in the second quarter. “This will be the fastest business in our history to reach this milestone,” Hood said on the conference call. ...

How did AI Impact a company's revenue?

Despite all that AI spending, profits were up 11 percent, too. The growth was largely driven by Azure and cloud services, which saw a 33 percent increase in revenue. The company attributed 12 percent of that to AI-related products and services. ...

How much of Microsoft's growth comes from AI?

The company said that 7% of its growth from Azure came from AI. Microsoft CEO Satya Nadella 's sole statement in the press release highlights the company's investment in artificial intelligence, namely Microsoft Copilot, which is an AI assistant for Azure. ...