Microsoft Corp.’s quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker’s cloud and artificial intelligence offerings.
Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over $2 trillion, while an in-line inflation reading calmed interest rate jitters.
Microsoft Corp.’s quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker’s cloud and artificial intelligence offerings. Revenue in the third quarter rose by 17%,
Microsoft and Alphabet hailed the emerging technology following strong earnings reports, bolstering shares for firms making key AI hardware like Nvidia and AMD.
Microsoft's shares advanced 3.84% in trading before the U.S. market opened after the company beat Wall Street estimates for third-quarter revenue and profit, driven by gains from the adoption of AI across its cloud services.
Update: Microsoft provided guidance on its earnings call, as it expects fiscal fourth-quarter sales to be between $63.5B and $64.5B, compared to estimates of $64.57B. Included in that is $28.4B to $28.
Microsoft Corp. and Google owner Alphabet Inc. sent a clear message to investors on Thursday: Our spending on artificial intelligence and cloud computing is paying off.
More earnings from Big Tech companies rolled in today, with Microsoft and Alphabet reporting after the market close. Intel, Snap, Roku, T-Mobile, and Western Digital also released results. The group follows Meta Platforms.
Microsoft's leadership in AI and cloud technology is propelling the company to new heights, benefiting shareholders and driving growth. Read more on MSFT here.
U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust quarterly results from Alphabet and Microsoft, while investors awaited a key inflation print that could help shape U.
Microsoft on Thursday said earnings in the last quarter beat expectations as the tech titan continued to see its aggressive push into artificial intelligence boost revenues and profit.