Microsoft Said Wednsday that its profit for the October-decomber Quarter Grew 10% as it works to capitalize on the huge amounts of money amounts of money spent to advance it cance artificial intelligence.
But While Its Overall Profits and Revenue Beat Wall Street Expectations, It Slightly Missed Projections for its Closely Watched Cloud Computing Business, A CenterPiece of Its Ai FOPERTS AITS AITS AITS AITS
The company reported net income for the Quarter of $ 24.1 Billion, or $ 3.23 per share, beating wall street expectations of $ 3.11 per share. The redmond, washington-spoken software maker posted revealed of $ 69.6 billion in the Quarter, Up 12% from the Previous Year, also beating expectations.
Analysts Pollled by Factset Research Expected Microsoft to Generate Revenue of $ 68.87 billion in the last three months of the year.
Sales from Microsoft’s Cloud-Focused Business Segment that Includes Its Flagship Azure Computing Platform Grew 19% from the Same Time Time Last Year to $ 25.5 Billion, with Less Less Less Less Less Less Cast by Factset Analysts.
Microsoft’s Productivity Business Segment, Which Includes Its Office Suite of Email and Other Workplace Products, Grew 14% to $ 29.4 Billion.
Its personal computing business, LED by Its Windows Division, Remained Steady at $ 14.7 Billion, with a drop in consumer device sales sales offset by growth in advertising revealed to the bing selection.
Microsoft Shares Dropped 5% in after-Hours Trading Wednsday But Were Still Higher Than Monday, When the Tech Giant was Hit by a Borader Tech Stock Sale Causes by a French Chinese tech startup deepsek.
Microsoft is a close partner of chatgpt maker openai and also sels its own ai chatbot services, branded as copilot. Part of what drave the wall street panic this week was concerts
Microsoft Ceo Satya Nadella Downplayed Theose Concerns on An Investor Call Wednsday, Saying “Deepsek Had Some Real Innovations” and it is good to have efficiency Gains and Lower Pries “Means people can consume more and there’ll be more apps Written. “
Microsoft also added Deepsek’s latest ai model to that azure on its azure computing platform Wedns.
Building and operating AI Systems is Costly, Microsoft Has Said It Plans to Spend $ 80 Billion This year as it expands it expands itwands itwort Zed chips to train and run ai models.
“We have more than doubled our overall data center capacity in the last three years and we have added more capacity last year, last year, any other year in our history,” Nedella said.
—Matt O’Brien, AP Technology Writer
