Microsoft beats quarterly revenue estimates
:Microsoft beat Wall Street estimates for first-quarter revenue on Wednesday as efforts to build out data center capacity and AI-driven demand boosted its cloud business.Shares of the Redmond, Washington-based company rose about 2 per cent in trading after market hours. The quarterly earnings are Micr
Microsoft beats quarterly estimates as AI fuels cloud business growth
:Microsoft said on Wednesday revenue for its cloud business Azure surged 33 per cent in its fiscal first quarter, slightly ahead of estimates, indicating that its massive investment in AI was starting to pay off.    The world's largest software company also beat Wall Street estimates for quarterly revenue and pro
Equinix forecasts quarterly revenue above estimates on steady demand
Equinix forecast fourth-quarter revenue above Wall Street estimates on Wednesday, driven by steady demand for its data center services amid the continuing surge in artificial intelligence boom.Enterprise clients depend on data center services from companies such as Equinix to expand their digitization ini
Cognizant beats quarterly profit estimates on gradual recovery in IT services demand
Cognizant Technology Solutions beat Wall Street estimates for third-quarter profit on Wednesday, helped by recovery in demand as more businesses turn to the IT services provider.The results signal a recovery in the business environment, with clients increasingly relying on the IT and consulting services o
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.
last updated on 31 Oct 01:25