shares powered higher in pre-market trading after the tech giant posted stronger-than-expected first quarter earnings it said was powered in part by its early investments in AI.
Azure revenues were up 29% from last year, outpacing the 19% gain for its broader Intelligent Cloud division and the 12.7% advance in overall group revenues, which topped Street forecasts at $56.52 billion. "More than 18,000 organizations now use Azure OpenAI service, including new-to-Azure customers," CEO Satya Nadella told investors on a conference call late Tuesday."And we are expanding our reach with digital-first companies to power their AI solutions, therefore, making them Azure customers as well."Microsoft shares were marked 3.75% higher in pre-market trading to indicate an opening bell price of $342.92 each.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
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 ...
مصدر: startelegram - 🏆 248. / 63 اقرأ أكثر »
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »