Rishi Jaluria, RBC Capital Markets managing director of software equity research, says Microsoft's earnings show there's isn't the slowdown in AI demand that everyone is waiting for. He speaks on "Bloomberg The Close." Microsoft said total revenue increased 18% to $77.7 billion in the fiscal first quarter, while profit was $3.72 a share. ...

Yeah, John, we see uh shares dropping here despite some beats on the top and bottom line and on Azure cloud growth. EPS was a beat at 40 $4.13%. Street wanted to see $367.Revenue here a beat as well. 77.67% billion. Street was looking for 75.33% billion.And Azure cloud growth again another beat here uh 40% growth year-over-year compared to expectations of 38.2% uh percent. We're seeing shares drop here about four and a half percent. I'm going to keep digging through and find out what's going on and I'll be ...

Core Insights - Despite beating expectations on earnings per share (EPS) and revenue, shares are experiencing a decline of approximately 4.5% [1][2] - EPS was reported at $4.13, exceeding the expected $3.67, while revenue reached $77.67 billion, surpassing the anticipated $75.33 billion [1] - Azure cloud growth showed a year-over-year increase of 40%, outperforming the expected growth of 38.2% [2] Financial Performance - Intelligent cloud revenue was slightly below expectations at $30.9 billion compared to the forecast of $30.25 billion, marking the only miss in the reported metrics [3] - The upcoming earnings call is expected to provide additional data on capital expenditures (capex) and guidance, which could influence stock performance [4]

The company said on the post-release earnings call that “demand again exceeded supply across workloads,” and Microsoft now expects to be capacity-constrained through at least the end of its fiscal year. CEO Satya Nadella said on the earnings call that the company “say[s] no to some of the demand that may be something that we could serve, but it’s not in our long-term interest.”Microsoft now sees Azure growing about 37% this coming quarter — fast enough to keep the company bumping up against its own power li ...

Microsoft reported revenue and profits ahead of analysts' expectations, with Azure revenue growth climbing to 40% as the company continued to grapple with the effects of a widespread cloud outage. ...

Core Insights - The company reported capital expenditures of $34.9 billion, which exceeded expectations [1] Group 1 - The capital expenditures were higher than anticipated, indicating potential aggressive investment strategies [1]

Markets are in the midst of the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar. So far, the earnings season is off to a positive start. As of Oct. 24, 29% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting a 9.2% jump in earnings per share during the third quarter. If that figure holds, it would mark the ninth straight quarter of positive earnings growth but a deceleration from the 12% earnings ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When Bill Gates cautioned Satya Nadella that Microsoft Corporation's (NASDAQ:MSFT) $1 billion OpenAI investment could go up in flames, few could have imagined it would turn into a $135 billion stake. From Lighting Money On Fire To A $135 Billion Win Microsoft shares climbed nearly 2% Tuesday after the company unveiled a new chapter in its partnership with OpenAI, converting its stake into a 27% ownership i ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Microsoft reported expansion in its Azure cloud computing unit that failed to impress investors who have grown optimistic about the business https://t.co/XRoHFBUnpU ...