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Microsoft earnings top Q3 estimates, says AI business up 123% year over year [Yahoo! Finance]
Last microsoft corporation earnings: 4/29 04:06 pm
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US:NASDAQ Investor Relations: microsoft.com/en-us/investor
said its AI business now has a $37 billion annual revenue run rate, up 123% year over year. Microsoft stock initially climbed, but was down 1% in premarket trading as investors assessed its report. NasdaqGS - Nasdaq Real Time Price • USD Microsoft Corporation (MSFT) Follow View Quote Details As of 10:17:51 AM EDT. Market Open. MSFT AMZN GOOG Advanced Chart Microsoft said its Copilot service now exceeds 20 million paid seats, up from the 15 million the company reported in Q2. Ahead of earnings, Microsoft provided Wall Street with an update on its highest-profile AI relationship on Monday, saying that it reworked its agreement with OpenAI ( OPAI.PVT ) and will no longer have to make revenue-sharing payments to the AI startup, while OpenAI will continue making payments to Microsoft. For the quarter, Microsoft saw earnings per share (EPS) of $4.27 on revenue of $82.89 billion. Wall Street was anticipating EPS of $4.04 on revenue of $81.46 billion, based on Bl
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