Cooking Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingshorts - U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of a boost from artificial intelligence may be disappointed.
"After a year where enterprise spend was held down by concerns about the economy, we're heading into a year where those concerns are slowly subsiding, making for a more stable spending environment in enterprise software and advertising," said Gil Luria, senior software analyst at D.A. Davidson. RBC Capital Market estimates Microsoft will clock over $3 billion in revenue from generative AI offerings this fiscal.
On Tuesday, Microsoft is likely to report a nearly 9% rise in first-quarter revenue, according to LSEG data, driven by strength in its enterprise productivity software business.On the same day, Alphabet is expected to post a 10% rise in quarterly sales. Revenue from Google Services, which includes YouTube, Search and the sale of apps, is expected to have grown by 8.5%.
Meta is expected to report its quarterly revenue increased by more than a fifth, the most in two years, and lay out its AI plans, after unveiling a series of AI ad tools last month.
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