Microsoft's recent financial results showed a tremendous investment in artificial intelligence and cloud computing, spending $22.6 billion on capital expenses in the latest quarter. This is nearly double from the previous year, as the company aims to build adequate data centers to meet customer demands. While investors raised concerns about significant spending, Microsoft's revenue rose to $69.6 billion, a 12% increase, and profits were up 10% to $24.1 billion, exceeding expectations. This indicates a balance between substantial investment and healthy growth amidst a competitive landscape.
Microsoft's Chief Executive, Satya Nadella, stated that the company is expanding its opportunity and winning new customers through its substantial investment in data centers.
Despite the high spending on cloud and AI infrastructure, Microsoft reported solid financial growth, with revenue jumping to $69.6 billion and profit rising to $24.1 billion.
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