Microsoft’s actions fall after reporting lower cloud business growth

Microsoft’s actions fall after reporting lower cloud business growth

Azure, the Microsoft cloud platform, registered a 31% increase in its income, below the expectations of investors, despite the good results in their profits.

Microsoft Corp (MSFT) He informed that the growth of your cloud business Deaded in the last three months of 2024, which represents a Challenge for a division in which the company Invested billions in artificial intelligence products (AI). In this way, the shares yield up to 1.6% in Aftermarket.

Azure, Microsoft’s cloud platform, registered a 31% increase in their income, Below 34% of the previous quarter and slightly lower than the expectations of analysts, which projected a 32% growth.

During the quarter ended on December 31, The total income of the company increased by 12%, reaching US $ 69,600 millions. The quarterly profits, corresponding to the second fiscal period of the year, were $ 3.23 per share, exceeding the estimates of analysts, which provided for revenues of 68.9 billion dollars and benefits of $ 3.12 per share, according to Bloomberg data .

Microsoft.jpg

Microsoft made strong investments in artificial intelligence with its association with Openai

Microsoft made strong investments in artificial intelligence with its association with Openai

Photo: Telemadrid

The software giant, based in Redmond, Washington, He is recognized as a leader in the commercialization of AI products, Thanks to its close collaboration with Openai, the company behind Chatgpt. In the last year, Microsoft launched multiple attendees of AI under the Copilot brand, although the profitability of these products is taking longer to materialize than some investors expected.

The company’s maximum executive, Satya Nadella, revealed that the AI ​​business “exceeded an annual revenue projection rate of 13,000 million dollars, 175 % more interannual” and highlighted the company’s innovation to take advantage of that “huge” chance”.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts