Microsoft profits surge on AI as Snap up 27% and Meta stock takes hit
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Microsoft Surges As AI-Growth Drives Across-The-Board Beat
Microsoft Surges As AI-Growth Drives Across-The-Board Beat Investors can exhale after META's meltdown as MSFT just reported better-than-expected revenues in Q3 of $61.86 billion (estimate $60.87 billion). All the business segments also beat expectations: Productivity and Business Processes revenue $19.57 billion, estimate $19.54 billion More Personal Computing revenue $15.58 billion, estimate $15.07 billion With the AI-exposed segments strong: Microsoft Cloud revenue...
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Microsoft revenue surges 17%, driven by AI gains, ChatGPT partnership
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Microsoft UK profits soar as it adds 600 staff amid AI boom
Microsoft’s UK business reported a profit surge last year after the group boosted its revenues to £8.4bn, up from £6.3bn the year prior. The UK entity of the US tech giant cited extra demand for its cloud services as driving the 33% increase in turnover, financial filings show. For the year ended 30 June 2023, […]