Microsoft Earnings Growth Accelerates on Stronger-Than-Expected Cloud Demand

Microsoft’s sales growth accelerated last quarter as demand for its cloud computing services warmed amid growing enthusiasm about artificial intelligence.

The 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.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 ...
Source: startelegram - 🏆 248. / 63 Read more »

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
Source: MarketWatch - 🏆 3. / 97 Read more »

Microsoft earnings: What to expectMicrosoft reports earnings after the close of trading Tuesday
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks pushing higher as earnings season rolls on with Microsoft and Alphabet aheadU.S. stocks are maintaining Tuesday gains, buoyed by stronger than expected results from several blue chip companies even as earnings from two major tech...
Source: MarketWatch - 🏆 3. / 97 Read more »

Microsoft set to report earnings after the bellWhile ChatGPT has inspired companies to draw on Microsoft's cloud services for generative artificial intelligence, clients have been cutting cloud costs
Source: CNBC - 🏆 12. / 72 Read more »