Tag MSFT
Microsoft on Wednesday reported its quarterly sales grew 18% to $77.7 billion. The software maker also reported a 22% increase in quarterly profit to $30.8 billion, or $4.13 per share, which beat Wall Street expectations for the July-September period. Microsoft said those results excluded the impacts of money it invested in OpenAI during that period, in an attempt to “help clarify” how those $3 billion losses affected Microsoft's core business...
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Microsoft (MSFT) is the latest Magnificent Seven company to release earnings results, posting fiscal first quarter results on Wednesday that beat Wall Street expectations: adjust earnings of $3.72 per share (vs. estimates of $3.68) and revenue of $77.67 billion (vs. estimates of $75.55 billion). The tech stock is falling in after-hours trading at the time of this video's posting. This all comes after Microsoft's 27% stake in OpenAI (OPAI.PVT) has been valued at $135 billion after the two companies agreed upon new terms to their partnership. Market Domination Overtime host Josh Lipton and Yahoo Finance senior reporter Allie Canal dive into the earnings release and look into Microsoft's Azure cloud business. Also catch Intelligent Alpha founder Doug Clinton share why investing in Microsoft is still the best exposure to OpenAI. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime...
Continue ReadingREDMOND, Wash. AP) — Microsoft Corp. MSFT) on Wednesday reported fiscal first-quarter profit of $27.75 billion...
Continue ReadingMicrosoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer recently provided insights on. Cramer discussed the stock during the episode and said: “Alright, Microsoft’s in a tough spot. It’s basically become an enterprise monopolist, and even with this business-friendly White House, it’s still not good to be talking about being a monopolist. What are […]...
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Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently provided insights on. Cramer highlighted the company’s ad business and commented: “Well, Alphabet, Microsoft, and Meta are, at their core. tech companies. They’ve moved into multiple venues, multiple areas, multiple verticals, and that’s why I, when I think about Alphabet for instance, I now […]...
Continue ReadingShares of the company fell around 6% after the bell. Excluding the charge, Meta said its third-quarter net income would have increased by $15.93 billion to $18.64 billion, compared to the reported net income of $2.71 billion. The social media company now expects capital expenditure to be between $70 billion and $72 billion, compared with its prior forecast of $66 billion to $72 billion...
Continue ReadingMeta reported its Q3 earnings after the bell Wednesday...
Continue ReadingThe company reported total revenue of $102.35 billion for the quarter, compared with analysts' average estimate of $99.89 billion, according to data compiled by LSEG. The cloud services and AI giant raised its capital expenditure forecast for the year to between $91 billion and $93 billion, compared with the estimates of $80.67 billion. Google Cloud remained one of Alphabet's fastest-growing segments, benefiting from surging enterprise demand for AI-powered infrastructure and data analytics services...
Continue ReadingThe results highlight the growing returns from Microsoft's massive AI investments. Microsoft said the Azure cloud business, its key AI unit, grew 40% in the July-September period - its fiscal first quarter - outpacing Visible Alpha estimates of about 38.4%...
Continue ReadingInvestors are looking to the Fed policy decision for insight into the path of interest rates...
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