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Stockreport

Microsoft sales, profit beat expectations on AI demand [Financial Post (Toronto, Ontario, Canada)]

Microsoft Corporation (MSFT)  More Company Research Source: Financial Post
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Microsoft Corp. 's quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker's cloud and artificial intelligence offerings. Revenue in the third quarter, which ended March 31, rose 17 per cent to US$61.9 billion, while profit was US$2.94 a share, the company said in a statement Thursday. Analysts on average estimated per-share earnings of US$2.83 on sales of US$60.9 billion. Article content Article content Chief executive Satya Nadella has been infusing Microsoft's entire product line with AI technology from partner OpenAI. The bet is starting to pay off , with some customers adding AI tools that summarize documents and generate new content to their Office productivity software or signing up for Azure cloud subscriptions with OpenAI products. Article content “Microsoft's generative AI-specific revenue has already become a key stock driver,” said Dan Morgan, a senior portfolio manager at Synovus Trust Co. “Microsoft appears t [Read more]
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Stockreport

Microsoft sales, profit beat expectations on AI demand [Financial Post (Toronto, Ontario, Canada)]

Microsoft Corporation  (MSFT) 
More Company Research Source: Financial Post
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Microsoft Corp. 's quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker's cloud and artificial intelligence offerings. Revenue in the third quarter, which ended March 31, rose 17 per cent to US$61.9 billion, while profit was US$2.94 a share, the company said in a statement Thursday. Analysts on average estimated per-share earnings of US$2.83 on sales of US$60.9 billion. Article content Article content Chief executive Satya Nadella has been infusing Microsoft's entire product line with AI technology from partner OpenAI. The bet is starting to pay off , with some customers adding AI tools that summarize documents and generate new content to their Office productivity software or signing up for Azure cloud subscriptions with OpenAI products. Article content “Microsoft's generative AI-specific revenue has already become a key stock driver,” said Dan Morgan, a senior portfolio manager at Synovus Trust Co. “Microsoft appears t [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MSFT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS