Microsoft reports slower cloud growth

Quick Summary:

Its total revenue in the fourth quarter increased 15 per cent to US$64.7 billion.

Alongside peers like Amazon.com and Google, Microsoft has been constructing new data centres to meet demand for cloud computing and power-hungry AI services.

In an interview, investor relations chief Brett Iversen said Microsoft currently lacks sufficient capacity to fulfil customer demand for cloud and AI services.“We’re building out for that as quickly as we can,” he said.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Cloud Company Azure Quarter Microsoft’s Billion Microsoft Services Cent Revenue Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 08:00:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 674 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21864306

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Main Topics: EconomyBusiness

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