He called this a "survive-and-advance" quarter for Microsoft, but also said "the recent lull in the shares creates an attractive entry point for those peeking ahead" to next calendar year.

REDMOND, Wash. — October 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2024, as compared to the corresponding period of last fiscal year: Revenue ...

For the quarter, Microsoft said capital expenditures rose 5.3% to $20 billion, compared with $19 billion in the previous quarter. That was higher than Visible Alpha estimates of $19.23 billion.

Microsoft projects a slowdown in Azure cloud-computing revenue for the current quarter, which is weighing on its stock in the extended session. The company expects 31% to 32% constant-currency ...

Microsoft CFO Amy Hood said the company will record around $1.5 billion in other expense, mainly because of an expected investment loss at OpenAI. Microsoft has invested close to $14 billion in ...

After all, the Commerce Department on Wednesday said consumer spending powered the economy to another strong quarter of growth.

Microsoft beat Wall Street estimates for its latest quarter with the help of its all-important cloud services business. The tech giant on Wednesday reported $65.6 billion in revenue, up 16% from ...

Robinhood on Wednesday reported third-quarter revenue and profits that missed Wall Street expectations, sending shares down about 9% in afterhours trading. The online brokerage posted net income ...

Microsoft predicted increased spending on artificial intelligence this quarter but slower growth in its cloud business Azure, signaling that big AI investments were not enough to keep pace with ...

(Reuters) -Microsoft said on Wednesday it expects growth for its cloud business Azure to slow and capital expenditures to rise during the current quarter. Shares of the Redmond, Washington-based ...