Microsoft sails as AI boom fuels double-digit growth in cloud business

Quick Summary:

Revenue from Azure cloud business increased by 22% as company focuses attention on artificial intelligenceMicrosoft reported better-than-expected earnings on Wednesday fueled by growth in its Azure cloud business, as five of the "Magnificent Seven” tech megacaps roll out quarterly earnings this week".

AI-driven transformation is changing work, work artifacts, and workflow across every role, function, and business process,” the company’s CEO, Satya Nadella, said in a press release.

"We are expanding our opportunity and winning new customers as we help them apply our AI platforms and tools to drive new growth and operating leverage.” Continue reading...

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Article Details

Author / Journalist: Edward Helmore

Category: Artificial-intelligenceTechnology

Markets: United Kingdom

Topics: Quarterly results Business Microsoft Technology Artificial intelligence (AI)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 20:20:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: theguardian.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © The Guardian

News ID: 23342730

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About The Guardian

Main Topics: Artificial-intelligenceTechnology

Official Website: theguardian.com

Year Established: 1821

Headquarters: United Kingdom

News Last Updated: 1 days ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #122

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