""Microsoft has demonstrated robust quarterly results, with earnings surpassing expectations, reflecting significant growth in cloud computing, particularly within the Azure platform, which saw a notable rise in demand for AI services.""
""The company posted quarterly earnings of $3.46 per share, eclipsing analyst projections of $3.22, supported by a revenue increase to $70.07 billion, which also outstripped forecasts.""
Microsoft has reported exceptional quarterly earnings, exceeding forecasts with a share price increase of over 7% post-market. The company's earnings were at $3.46 per share against an expected $3.22, while revenues reached $70.07 billion, propelled by a 33% increase in Azure services, largely due to AI demand. Looking ahead, Microsoft anticipates revenue between $73.15 billion to $74.25 billion in the current quarter, alongside planned investments of around $80 billion in AI infrastructure, signaling confidence amid economic uncertainties and evolving technological demands.
Read at Techzine Global
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