Microsoft Earnings Growth Picks Up on Stronger-Than-Expected Cloud Demand

Updated Oct. 24, 2023 5:05 pm ETMicrosoft’s gaming unit is poised to become around 10% of the company’s overall business with the acquisition of Activision.

Microsoft’s sales growth accelerated last quarter as demand for its cloud computing services heated up amidThe company reported Tuesday that its revenue grew 13% to $56.5 billion for the quarter through September. That was above analysts’ expectations and a step up from growth of 11% during year-earlier period.Continue reading your article with

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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 ...
Fonte: startelegram - 🏆 248. / 63 Consulte Mais informação »

Microsoft blows past earnings estimates as cloud growth comes in hotMicrosoft’s stock gains more than 5% as company logs revenue beats across its segments
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Microsoft Earnings Growth Accelerates on Stronger-Than-Expected Cloud DemandCompany’s partnership with OpenAI has helped power new AI businesses
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »

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.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Dow futures rise as bond yields fall; Alphabet and Microsoft earnings in focusDow futures rise as bond yields fall; Alphabet and Microsoft earnings in focus
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »