Microsoft’s main growth engine in recent years, its Azure cloud-computing service, expanded revenue by 29 per cent against expectations of 31 per cent.
Already a subscriber?Microsoft’s Azure cloud service posted a slowdown in quarterly growth, disappointing investors anxious to see a payoff from huge investments in artificial intelligence products. The shares fell.’s total revenue in the fourth quarter, which ended June 30, increased 15 per cent to $US64.7 billion , while adjusted profit was $US2.95 a share, the company said in a statement. Analysts on average estimated sales of $US64.5 billion and per-share earnings of $US2.94.
Microsoft shares fell about 6 per cent in extended trading. They had closed at $US422.92 in New York. from partner OpenAI, including digital assistants called co-pilots that can summarise documents and generate computer code, emails and other content. The company also is selling Azure cloud subscriptions featuring OpenAI products.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CrowdStrike outage: Microsoft 365 cyber event strikes internationally7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
ASX 200 LIVE: Countrywide Microsoft outage hits banks, tradingShares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
Read more »
ASX 200 LIVE: Countrywide Microsoft outage hits banks, tradingShares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
Read more »
ASX 200 LIVE: Countrywide Microsoft outage hits banks, tradingShares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
Read more »
ASX 200 LIVE: Countrywide Microsoft outage hits banks, tradingShares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
Read more »
Microsoft outage across Australia brings down major businessesA widespread Microsoft outage is affecting the nation’s supermarkets, banks, telecommunications companies and more.
Read more »