Microsoft beats earnings expectations amid cloud, AI growth

  • 📰 axios
  • ⏱ Reading Time:
  • 27 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

Microsoft Office News

Generative AI Or Genai,Windows,Microsoft Azure

Growth in its cloud business — fueled in part by the boom in AI — helped Microsoft beat earnings expectations

While there is lots of talk about AI, Microsoft is among only a handful of large companies that can point to a measurable growth in revenue.

Revenue from Microsoft's PC business was $15.6 billion, up 17%, with Windows revenue up 11% and revenue from its devices business, which includes its Surface PCs, was down 17%. Revenue from the unit that includes Office was $19.6 billion, up 12%, with commercial sales growth outpacing the consumer side of the business."Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry," CEO Satya Nadella said in a statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines