Microsoft, cloud operating profit rises by about 20% π
Haebom
4
The effect of making OpenAI exclusive to Azure is clearly showing
Summation
Microsoft reported revenue of $56.2 billion for its fiscal fourth quarter, up 8% from a year ago and beating Wall Street's estimate of $55.47 billion.
Net income rose 20% to $20.1 billion. Earnings per share came to $2.69, beating estimates of $2.55.
Microsoft's cloud portfolio drove the main growth, with quarterly revenue reaching $30.3 billion, up 21% year over year.
The Intelligent Cloud segment saw a 15% increase in revenue, primarily driven by growth in Azure and other cloud services revenue.
The company's More Personal Computing segment reported a 4% decline in revenue.
Microsoft is investing heavily in AI product development, including a partnership with OpenAI, the maker of ChatGPT, in which Microsoft has invested billions of dollars.
Microsoft stock hit a new record last week after the company announced pricing for Microsoft 365 Copilot.
Questions to consider
Microsoft's Cloud Growth: How will Microsoft's cloud business continue to grow in the future, and what implications will this have for the company's overall strategy?
AI and Microsoft: Microsoft is investing heavily in AI, how will this play into the companyβs future strategy?
Stock Market Reaction: Despite Microsoft's positive performance, how did the stock market react? Why?
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