{"id":15681,"date":"2024-10-30T19:26:58","date_gmt":"2024-10-30T20:26:58","guid":{"rendered":"http:\/\/medexperts.pro\/?p=15681"},"modified":"2024-10-30T20:27:59","modified_gmt":"2024-10-30T20:27:59","slug":"microsofts-quarterly-revenue-is-up-16-to-65-6-billion","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=15681","title":{"rendered":"Microsoft\u2019s Quarterly Revenue Is Up 16% to $65.6 Billion"},"content":{"rendered":"
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The company\u2019s profit increased 11 percent to $24.7 billion, beating Wall Street\u2019s expectations and its own predictions.<\/p>\n

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Microsoft on Wednesday reported financial results that could quell investor unease over its heavy spending on artificial intelligence.<\/p>\n

Sales from July through September hit $65.6 billion, up 16 percent from a year earlier. Profit rose 11 percent, to $24.7 billion. The results surpassed Wall Street\u2019s expectations and Microsoft\u2019s own predictions.<\/p>\n

At the same time, Microsoft showed little sign that it was putting the brakes on the blistering pace of its spending to build data centers for its A.I. work. The company spent $20 billion on capital expenditures, up 79 percent from a year earlier.<\/p>\n

\u201cWe are expanding our opportunity and winning new customers as we help them apply our A.I. platforms and tools,\u201d Satya Nadella, Microsoft\u2019s chief executive, said in a statement.<\/p>\n<\/div>\n<\/div>\n

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The company\u2019s executives had told investors that Microsoft expected sales to be constrained through the end of the year because its available data center capacity was not enough to meet customer demand.<\/p>\n

The company has bet heavily on artificial intelligence through its investments in the start-up OpenAI. That relationship has given it \u201can enviable position as the vanguard of the new technology,\u201d and Microsoft is gaining share from competitors, analysts for Raymond James wrote in a note to investors.<\/p>\n

Since the summer of 2023, A.I. has helped stabilize the growth of Microsoft\u2019s flagship cloud computing service, Azure. This past quarter, Azure\u2019s growth held roughly steady at 34 percent, not including currency fluctuations. More than a third of that growth came from artificial intelligence, including selling access to OpenAI\u2019s systems and providing computing power when customers use OpenAI\u2019s directly from the start-up.<\/p>\n

(The New York Times has sued OpenAI<\/a> and Microsoft, claiming copyright infringement of news content related to A.I. systems. The two companies have denied the suit\u2019s claims.)<\/p>\n

Investors were somewhat unsure about what to expect for the quarter, because in August, Microsoft said it was tweaking which products were included in certain metrics it reported. Microsoft\u2019s share price rose about 1.5 percent in after-hours trading on Wednesday.<\/p>\n<\/div>\n<\/div>\n

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Investors have been jittery about Microsoft\u2019s capital spending because they have \u201climited visibility\u201d into whether and how the spending produces solid returns on the investments, analysts from Bank of America wrote in a recent note.<\/p>\n

The company does not disclose sales of its own A.I. assistants, which cost business customers $30 per month, but its overall Microsoft 365 commercial cloud revenue, which includes Excel, Team and Word, was up 15 percent.<\/p>\n<\/div>\n<\/div>\n

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The company\u2019s profit increased 11 percent to $24.7 billion, beating Wall Street\u2019s expectations and its own predictions.Microsoft on Wednesday reported financial results that could quell investor unease over its heavy spending on artificial intelligence.Sales from July through September hit $65.6 billion, up 16 percent from a year earlier. Profit rose 11 percent, to $24.7 billion. The results surpassed Wall Street\u2019s expectations and Microsoft\u2019s own predictions.At the same time, Microsoft showed little sign that it was putting the brakes on the blistering pace of its spending to build data centers for its A.I. work. The company spent $20 billion on capital expenditures, up 79 percent from a year earlier.\u201cWe are expanding our opportunity and winning new customers as we help them apply our A.I. platforms and tools,\u201d Satya Nadella, Microsoft\u2019s chief executive, said in a statement.The company\u2019s executives had told investors that Microsoft expected sales to be constrained through the end of the year because its available data center capacity was not enough to meet customer demand.The company has bet heavily on artificial intelligence through its investments in the start-up OpenAI. That relationship has given it \u201can enviable position as the vanguard of the new technology,\u201d and Microsoft is gaining share from competitors, analysts for Raymond James wrote in a note to investors.Since the summer of 2023, A.I. has helped stabilize the growth of Microsoft\u2019s flagship cloud computing service, Azure. This past quarter, Azure\u2019s growth held roughly steady at 34 percent, not including currency fluctuations. More than a third of that growth came from artificial intelligence, including selling access to OpenAI\u2019s systems and providing computing power when customers use OpenAI\u2019s directly from the start-up.(The New York Times has sued OpenAI and Microsoft, claiming copyright infringement of news content related to A.I. systems. The two companies have denied the suit\u2019s claims.)Investors were somewhat unsure about what to expect for the quarter, because in August, Microsoft said it was tweaking which products were included in certain metrics it reported. Microsoft\u2019s share price rose about 1.5 percent in after-hours trading on Wednesday.Investors have been jittery about Microsoft\u2019s capital spending because they have \u201climited visibility\u201d into whether and how the spending produces solid returns on the investments, analysts from Bank of America wrote in a recent note.The company does not disclose sales of its own A.I. assistants, which cost business customers $30 per month, but its overall Microsoft 365 commercial cloud revenue, which includes Excel, Team and Word, was up 15 percent.<\/p>\n","protected":false},"author":1,"featured_media":15683,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-15681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15681"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15681\/revisions"}],"predecessor-version":[{"id":15684,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15681\/revisions\/15684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/15683"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}