Good news for Microsoft. The third most valuable firm in the world, and the third of the ‘Magnificent Seven’ to present results, has beaten expectations, driven by the ‘cloud’ sectorwhile that of business AI continues to grow at a good pace, although without reaching the same levels. Some positive data but that has left the market a little cold, with increases of 1% in the after hours.
The headlines, however, are quite clear: revenue has reached $65.59 billion, a 16% year-on-year growthbeating the estimated 64,510 million. Something similar happens with profits: reach $3.30 per share, exceeding the estimated 3.11. This is equivalent to $24.7 billion, 11% more than the same quarter of the previous year.
The key to its benefits has come thanks to Azure, Microsoft’s ‘intelligent cloud’, whose revenue figure has grown 33% year-on-year. On the other hand, the Business and Productivity sector, which includes AI applied to companies has only grown by 12%meeting expectations but without yet unleashing the wave of growth that was desired.
The firm’s CEO, Satya Nadella, continues to believe in that possibility. “AI-driven transformation is changing the work environment, workflow and work itself. This creates new opportunities and new customers as we develop the technology in our platforms.”
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