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Microsoft earnings beat estimates as AI business jumps 123% YOY [Yahoo! Finance]

Microsoft Corporation (MSFT)  More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
earnings beat as the tech giant also reports its AI business surged 123% year over year. Video Transcript Speaker A let's kick it over to Yahoo Finance's tech editor Dan Howley for those results. Speaker A Dan, what are you seeing? Dan Howley one of the uh things that they're pointing out is that their AI business now has a $37 billion annual revenue run rate. They say that's up 123% year-over-year. But we're seeing shares reverse course after they initially started to rise, and it's unclear exactly why. Obviously, Microsoft has been kind of the laggard among the Mag 7. It was down as much as 20% over the last six months. Uh but they did beat when it comes to their intelligent cloud segment, uh not by uh sorry, their productivity and business process segment, not by a whole heck of a lot. Ditto the intelligent cloud, that came in at 34.68. Wall Street was looking for 34.31. So, you know, not an incredibly large beat. Uh and they did have a little help from their uh more [Read more]
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Stockreport

Microsoft earnings beat estimates as AI business jumps 123% YOY [Yahoo! Finance]

Microsoft Corporation  (MSFT) 
More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
earnings beat as the tech giant also reports its AI business surged 123% year over year. Video Transcript Speaker A let's kick it over to Yahoo Finance's tech editor Dan Howley for those results. Speaker A Dan, what are you seeing? Dan Howley one of the uh things that they're pointing out is that their AI business now has a $37 billion annual revenue run rate. They say that's up 123% year-over-year. But we're seeing shares reverse course after they initially started to rise, and it's unclear exactly why. Obviously, Microsoft has been kind of the laggard among the Mag 7. It was down as much as 20% over the last six months. Uh but they did beat when it comes to their intelligent cloud segment, uh not by uh sorry, their productivity and business process segment, not by a whole heck of a lot. Ditto the intelligent cloud, that came in at 34.68. Wall Street was looking for 34.31. So, you know, not an incredibly large beat. Uh and they did have a little help from their uh more [Read more]
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MSFT
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LAST PRICE AT
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Multi-day stock performance from the time of the news release
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