Microsoft sees cloud operating profit jump by around 20% ๐
Haebom
The benefits of making OpenAI exclusive to Azure are becoming increasingly apparent
Summary
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Microsoft reported $56.2 billion in revenue for the fiscal fourth quarter, an 8% increase from last year, exceeding Wall Street's estimate of $55.47 billion.
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Net profit rose 20% to $20.1 billion, with earnings per share at $2.69, beating the expected $2.55.
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The Microsoft Cloud suite led key growth, with quarterly revenue at $30.3 billion, up 21% from last year.
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The Intelligent Cloud segment saw a 15% increase in revenue, mainly due to the growth in Azure and other cloud services.
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The company's More Personal Computing segment saw a 4% decrease in revenue.
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Microsoft is making major investments in AI product development, including its partnership with OpenAI, the creator of ChatGPT, into which Microsoft has invested billions of dollars.
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After Microsoft announced the pricing for Microsoft 365 Copilot, its stock hit a new all-time high last week.
Questions to think about
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Microsoftโs cloud growth: How will the growth of Microsoftโs cloud business continue going forward, and what impact will it have on the companyโs overall strategy?
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AI and Microsoft: Microsoft is making massive investments in AI; how will this shape the companyโs future strategy?
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Stock market reaction: Despite Microsoft's positive results, how did the stock market respond, and why?
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I post articles related to IT ๐ป, economy ๐ฐ, and humanities ๐ญ.
If you are curious about my thoughts, perspectives or interests, please subscribe.
haebom@kakao.com