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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.
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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 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 ...
Mustafa Suleyman CBE (born August 1984 [1]) is a British artificial intelligence (AI) entrepreneur. He is the CEO of Microsoft AI, and the co-founder and former head of applied AI at DeepMind, an AI company acquired by Google. [2] [3] After leaving DeepMind, he co-founded Inflection AI, a machine learning and generative AI company, in 2022. [4] [5]
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 ...