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The Redmond, Washington-based software maker posted revenue of $56.52 billion in the quarter, up 13% from last year, also beating expectations. Microsoft reports higher profits and revenue powered ...
Microsoft said on Thursday that its AI services contributed 7 percentage points of growth to its Azure and other cloud services revenue. That's up from 6 percentage points in Q2, and 3 points in Q1.
Microsoft shares fell 1% in after-hours trading. Along with a rally in other tech stocks, including Alphabet and Nvidia, Microsoft helped fuel a 24% surge in the S&P 500 in 2023. Revenue at ...
Microsoft announced its quarterly earnings after the closing bell on Tuesday, beating analysts' expectations on revenue and earnings per share. The tech giant reported revenue of $56.5 billion in ...
Microsoft failed to have the case dismissed in January 2023, and arguments related to a preliminary discussion was presented to the judge in March 2023. [120] The judge dismissed the suit in March 2023, citing that the gamers had not shown sufficient evidence of harm to the industry should the merger go through. [ 121 ]
Outside its cloud business, Microsoft reported revenue of $28.3 billion in its productivity business, which houses its Office suite of applications, 365 Copilot and its AI and speech-technology ...
On June 4, 2018, Microsoft acquired the popular code repository site GitHub for $7.5 billion (~$8.96 billion in 2023) in Microsoft stock. [25] On September 21, 2020, Microsoft announced its intent to acquire ZeniMax Media and all its subsidiaries for $7.5 billion (~$8.7 billion in 2023). The acquisition was completed on March 9, 2021.
Microsoft revenue rose 17% to $61.9 billion in the quarter ended March, exceeding the consensus estimate of $60.80 billion, according to LSEG data. Earnings per share of $2.94 topped Wall Street's ...