Microsoft shares slide as cloud forecast, AI spending disappoint
Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down 4.5% in after-hours trading as investors worry about big spending, elusive artificial intelligence revenue and competition from cheaper AI models from China.
Microsoft’s cloud sales disappoint as it struggles to meet AI demand
Microsoft’s vast cloud division posted slower growth than Wall Street forecast as the tech group struggled to keep pace with customer demand for artificial intelligence-related services. The Seattle-based software group beat analysts’ expectations for revenue and net income in the quarter ending in December,
Xbox hardware sales slump
The tech giant’s revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for ...
Microsoft Corp. said Wednesday that its profit for the October-December quarter grew 10% from the same time last year as it ...
Revenue in Microsoft's 'Intelligent Cloud' segment was $25.5 billion for the quarter, an increase of 19 percent ...
StockStory.org on MSN1d
Microsoft (NASDAQ:MSFT) Beats Q4 Sales TargetsTech giant Microsoft (NASDAQ:MSFT) reported in Q4 CY2024, with sales up 12.3% year on year to $69.63 billion. Its GAAP profit of $3.23 per share was 4% above analysts’ consensus estimates. Is now the ...
“We are innovating across our tech stack and helping customers unlock the full ROI of AI to capture the massive opportunity ...
Microsoft reported lower-than-expected revenue growth for its AI and cloud divisions as scrutiny grows over tech's AI ...
Microsoft said its cloud-computing business will continue to grow slowly in the current quarter as the company struggles to ...
Microsoft MSFT.O dropped 4.7% after forecasting disappointing growth in its cloud computing business. Meta Platforms META.O ...
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