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Microsoft reports better-than-expected results; AI products show record growth
Thursday October 31, 2024. 06:03 PM , from ComputerWorld
Microsoft’s second quarter results beat analysts’ expectations. as revenue increased by 16% to $ 65.6 billion — higher than the $64.5 billion analysts had expected. Net income rose 11% to $ 24.67 billion.
Following major investments in AI, revenue from the Azure cloud business is now up 33%. Microsoft CEO Satya Nadella said in a comment that the company’s AI business will soon be worth $ 10 billion a year, making it the fastest product category to reach that milestone, Axios reports. Revenue from server products and cloud services increased by 23%, with revenue from the Microsoft 365 commercial products and cloud services up by 13% for the quarter.
https://www.computerworld.com/article/3596210/microsoft-reports-better-than-expected-results-ai-prod...
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