Microsoft blows past earnings estimates as cloud growth comes in hot

Microsoft Corp. rode better-than-expected growth in its Azure cloud-computing unit to sizable revenue and earnings beats Tuesday, and its shares were moving higher in the aftermarket.

Microsoft’s cloud-computing unit, dubbed Intelligent Cloud, saw a 19% bump in revenue to $24.3 billion. Analysts were looking for $23.5 billion.Overall revenue rose to $56.5 billion from $50.1 billion a year before, while analysts were modeling $54.5 billion. Microsoft recorded $18.6 billion in revenue for its productivity and business processes unit, up 13% from a year earlier, or up 12% on a constant-currency. That segment of the business includes LinkedIn and Office. Analysts had been looking for $18.2 billion in segment revenue.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Microsoft earnings on deck with AI boost, Azure cloud growth in focusMicrosoft MSFT shares moved higher in pre-market trading ahead of the tech giant's first quarter earnings after the closing bell. Microsoft, which effectively fired the starting gun on this year's AI frenzy with a $10 billion investment in ChatGPT creator OpenAI, is likely to provide ...
Herkunft: startelegram - 🏆 248. / 63 Weiterlesen »

Here's what we hope to see from AI powerhouse Microsoft's quarterly earnings this weekWhen the software giant reports on Tuesday, investors will be looking to see whether its big bet on artificial intelligence is paying off.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Tech's Biggest Earnings Week Is HereMicrosoft and Alphabet kick off a big week of Big Tech earnings Tuesday.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Nintendo Boss Comments on Microsoft Relationship Following Leaked Acquisition EmailNintendo of America president Doug Bowser says the company's relationship with Microsoft remains 'great.'
Herkunft: ComicBook - 🏆 65. / 68 Weiterlesen »

Microsoft, Alphabet earnings, Bitcoin, PMI data - what's moving marketsMicrosoft, Alphabet earnings, Bitcoin, PMI data - what's moving markets
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: Dow Futures Rise; Bitcoin JumpsEarnings seasons heats up again, with Microsoft and Google parent Alphabet among the companies reporting
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »