Tag: cloud revenue
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Microsoft cloud revenue beats estimates in sign that AI bet is paying off
Oct 28 : Microsoft surpassed expectations for quarterly cloud revenue on Wednesday, signaling that its hefty AI investments were paying off at a time Wall Street grows increasingly wary of Big Tech’s debt-fueled spending.The software and cloud company’s free cash flow also exceeded expectations by about $10 b
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Microsoft beats quarterly cloud revenue estimates
Oct 28 : Microsoft surpassed expectations for quarterly cloud revenue on Wednesday, signaling that its hefty AI investments were paying off at a time Wall Street grows increasingly wary of Big Tech’s debt-fueled spending.Revenue at Microsoft’s Azure cloud computing business grew 48 per cent to $33.17 billion
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Amazon soars as cloud revenue surge allays fears over ballooning AI bets
July 31 : Amazon shares surged 13 per cent premarket on Friday after the tech giant’s solid cloud sales growth reinforced investor confidence in its massive AI bets and quashed any concerns about the company trailing its Big Tech rivals in the AI race. The e-commerce and cloud titan posted its strongest cloud
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