Microsoft and Google-parent Alphabet have reported strong financial results, driven largely by their investments in artificial intelligence (AI). Microsoft's third-quarter revenue rose to $61.9 billion, surpassing estimates due to significant growth in its cloud services, including a 31% increase in Azure revenue. The company's AI-driven products, such as the Copilot AI assistant, have been well-received, contributing to a 20% increase in profits to $21.9 billion. Similarly, Alphabet's focus on AI has also paid off, with the company seeing a substantial profit of $23.7 billion. Both companies' AI investments have led to stock price increases, with Microsoft's shares up by 4.4% and Alphabet's by 12% in after-hours trading. Additionally, Microsoft's AI services contributed 7 points of growth, and the demand for AI is currently exceeding supply.
#BigTech reports strong Q1 numbers amid AI push Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings with big AI investments, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta. https://t.co/1H7R3cPge5
Investors cheer Microsoft and Alphabet's huge AI spending plans as stock for both firms rallied but not Meta's, which saw its worst trading day in 18 months (@cityofthetown / Wall Street Journal) https://t.co/CjWNn5N9dO https://t.co/3HVvlGC7UQ
Both Alphabet and Microsoft report their quarterly revenue growth was outpacing expectations as more users turn to services including the Copilot AI assistant and the Gemini chatbot. READ: https://t.co/dz7K9LXdo9
.@Microsoft Azure revenue in Q3 up 31% https://t.co/CN3rT4STqV Microsoft reported a strong third quarter with revenue growth was 17% with Microsoft Cloud revenue up 23% from a year ago. Azure and other cloud services revenue growth was 31% driven by AI services. @ldignan https://t.co/MRTGTY1KzP
A quick dive into Microsoft earnings: Is AI-driven growth here? 🏊♂️💭 https://t.co/1WoyDCcxJS $MSFT 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
Alphabet And Microsoft Stocks Pop After Beating Q1 Targets https://t.co/biYeJ2RBof
After Google $GOOGL, Microsoft $MSFT and Meta $META, cloud Capex for 2024 is trending ~$220bn, or up 35% y/y. We still have to hear from Amazon $AMZN, Oracle $ORCL and China hyper-scalers, but I’d imagine they will follow a similar trend. Microsoft also pointed out that demand…
Here's a AI generated summary of Microsoft's $MSFT earnings call 👀 Positive Highlights: - Record Third Quarter: Microsoft had a record third quarter, indicating strong performance across various segments. - Microsoft Cloud Strength: Microsoft Cloud surpassed $35 billion in…
Microsoft's Cloud AI Demand Surpasses Supply Despite 79% Surge in Capital Spending #AI #artificialintelligence #Azure #capitalspending #cloudAI #CloudServices #datacenterinfrastructure #Investment #llm #machinelearning #Microsoft #supply #Techgiants https://t.co/Xt6UGZti2T https://t.co/15ZM0v7aBT
🔥 Microsoft reported a shortage of cloud infrastructure for AI. @Microsoft is facing a shortage of data center infrastructure, especially for deploying artificial intelligence models. This was stated in the company's earnings report for the third quarter of the 2024 fiscal… https://t.co/xyUgM8Bl6B
1) You noticed huge increases in AI investments $META $MSFT $GOOGL. $AMZN $AAPL next? MSFT CQ1 capex +66% Y/Y to $14B. Both core and AI at Azure accelerated. But AI demand exceeded supply and impacted Azure AI growth Q1 despite the capex?! CQ2 capex will "increase materially." https://t.co/C97ZF7RL3v
MSFT admitted in earnings they've been so unable to keep up with AI demand it's actually hurting revenue. Here's why building up new AI data centers is going slower than companies would want, thanks to an unprecedented supply chain crunch. https://t.co/B1OSUk0MpN
$MSFT Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending "We do have demand that exceeds our supply by a bit," Microsoft Chief Financial Officer Amy Hood told analysts on the company's earnings call.
Microsoft beat Wall Street estimates for its third-quarter revenue last night, driven by gains from artificial intelligence adoption across its cloud services and business software products ⬇️ https://t.co/meQAbv5WHW
$MSFT (+4.3% pre) Microsoft Reports Rising Revenues as A.I. Investments Bear Fruit https://t.co/DWKutfg9CB
Microsoft, Google, and Meta released their quarter results, largely defined by their AI investment plans. Full story 👇 https://t.co/dBzgFzS2u3 #Tech | #News | #AI | #QuarterResults
WATCH: The AI effect is giving big tech a boost, with the demand for products like ChatGPT helping Microsoft, and Google-parent Alphabet beat forecasts over the latest quarter https://t.co/r6gJKwc72w
The AI effect is giving big tech a boost, with the demand for products like ChatGPT helping Microsoft, and Google-parent Alphabet beat forecasts over the latest quarter https://t.co/0nPQJrihwP
Key Quotes from the Microsoft Q3 FY 24 Earnings Call: 1. AI demand continues to exceed capacity: "We continue to bring capacity online as we scale our AI investments with growing demand. Currently, near-term AI demand is a bit higher than our available capacity" - $MSFT CFO https://t.co/iryEkyxx0Y
Strong Microsoft cloud revenues fueled by rising AI demand https://t.co/yaDVOvHW6M https://t.co/z3prSJLkFH
Microsoft CFO: "Currently, near-term AI demand is a bit higher than our available capacity..Right this minute, we do have demand that exceeds our supply by a bit" $MSFT: +4.2% Pre-Market
Microsoft and Google send a clear message to investors: Our AI spending is paying off $MSFT $GOOG $GOOGL https://t.co/JZupeMA5kw via @business
#FpTechL Microsoft’s quarterly earnings jump 20% as tech company continues to beat forecast with AI push https://t.co/AXjo8WcLWT
#FPTech: Microsoft’s quarterly earnings jump 20% as tech company continues to beat forecast with AI push https://t.co/AXjo8WcLWT
📽️ WATCH - MICROSOFT RESULTS TOP WALL STREET TARGETS, DRIVEN BY AI INVESTMENT Microsoft and Google-parent Alphabet both beat forecasts over the latest quarter, with the tech titans saying they are already seeing a boost to the bottom line from AI. https://t.co/ZnS0AgMx68
*MICROSOFT JUMPS 4.4% AS AI-GROWTH DRIVES ACROSS-THE-BOARD EARNINGS BEAT $MSFT https://t.co/sUUs1Oi5cR
Microsoft and Google-parent Alphabet both beat forecasts over the latest quarter, with the tech titans saying they are already seeing a boost to the bottom line from AI https://t.co/KxFoMeC53S
Trending: Microsoft results beat expectations as profits rise 20% to nearly $22B https://t.co/2p8crQg8ge
Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products https://t.co/Yz2OaIlWBX
“Microsoft says cloud AI demand exceeds supply despite spending surge” Article: https://t.co/uxXa3Hqs8f
Google and Microsoft have reported double-digit profit increases, buttressing the case for the tech giants’ heavy investment in artificial intelligence (AI) https://t.co/VpJQJXcdAw https://t.co/XCg85H3UO8
Microsoft’s revenue rose 17% to $61.9 billion for the March ending quarter on its cloud boost, some significant deals for the platform, and the wide selection of AI accelerators it offered. https://t.co/ao3AJ02SiM
Microsoft results top Wall Street targets, driven by AI investment https://t.co/iBiSouvHuk https://t.co/t5adYKBc3O
Microsoft and Alphabet sent a clear message to investors: Our spending on AI and cloud computing is paying off https://t.co/RXS7l9MiYh
Alphabet and Microsoft saw the price of their shares surge in after-hours trading today – after the AI-infatuated businesses delivered higher-than-anticipated quarterly earnings Profit, revenue, and AI costs grow https://t.co/us3hDTyWwj
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending https://t.co/XW4ZgkksRb
#Microsoft and #Google earnings shine as #AI drives revenue https://t.co/zyCIv7zNEw https://t.co/NKfMQXaCuE
Strong cloud growth boosts Microsoft earnings and stock price https://t.co/XAkyenTPw2
$MSFT Azure growing at 30%+YoY $GOOGL cloud growing at 28% YoY $AMZN AWD better show us 15%+ growth or it is going to be tough going for the stock.
#UPDATE Microsoft and Google on Thursday smashed quarterly earnings expectations, as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live. The results were cheered by Wall Street investors ➡️ https://t.co/6eRWe9PST7
$MSFT CFO: "Azure and other cloud services revenue grew 31% ahead of expectations, while our AI services contributed 7 points of growth as expected" https://t.co/ONkjhOnqW7
AI had a 7-point lift on Azure growth in Q1 24 [6 pt in Q4 23]: "right this minute, we do have demand that exceeds our supply by a bit. So it is fair to say that, that could have been an impact on the number for Q1 24 & it does impact a little bit the number in Q4 23"- $MSFT CFO
Microsoft, Google earnings shine as AI drives revenue https://t.co/M411RVSxfT
Microsoft profits surge on AI as Meta stock takes hit https://t.co/jCpTTdXTK9
The Q3 Revenue breakdown.👇🏻 Azure at 40% of all of Microsoft revenue as cloud and AI accelerate. $MSFT https://t.co/TNozytrU2b
Microsoft $MSFT is up in after hours trading on the heels of an earnings call. Revenue up 17% from a year earlier to $61.9B for the period from January through March. AI boosted sales of key cloud services such as Azure. https://t.co/2cG0326z9J
Tech bulls 🐂 were laser focused on tonight’s tech earnings to gauge AI Revolution adoption…Microsoft and Alphabet delivered drop the mic 🎤results @CNBCClosingBell 🔥 https://t.co/rN1kF6p9ZF
Microsoft beats earnings expectations amid cloud, AI growth: • Revenue up $61.9 billion • Cloud business brought in $26.7 billion • MSFT shares rose more than 4% in after-hours trading https://t.co/E9u8xh1ve5
Microsoft $MSFT is gaining in after-hours trading after their Q3 earnings beat estimates. They reported EPS of $2.94, ahead of the $2.82 expected. #microsoft #stockmarket https://t.co/78Xa1Z6BCc
Profits skyrocketed for Microsoft and Google, the US tech giants said as they released Q1 earnings that beat expectations. Microsoft's push into AI helped its profits soar 20% to $21.9 billion while Google parent Alphabet saw profit of $23.7 billion causing its stock to jump 12% https://t.co/dBkWPwx9t7
.@Microsoft popping on #earnings after a beat on both lines - it also saw cloud revenue up 23% y/y We ask @CFRA analyst Angelo Zino about the #AI growth in Azure, and how investors should digest the big capital spend necessary to win in AI @JonFortt $MSFT https://t.co/1nSQ59vz60
Microsoft’s revenue and profit rose last quarter as excitement about artificial intelligence bolstered demand for its software and cloud services https://t.co/EUfnGUaiOK https://t.co/EUfnGUaiOK
Microsoft revenue surges 17%, driven by AI gains, ChatGPT partnership https://t.co/bdWNpf9w4P https://t.co/Q3cIKrWsHX
Azure at a ~$76B run rate growing 31% constant currency Quarterly YoY growth trends below. Also shown estimated growth ex AI services for last couple quarters (maybe they'll disclose Azure AI on the call, but it wasn't in press release) $MSFT https://t.co/H8QsFemCZu
A "new era of AI transformation" helped Microsoft exceed earnings expectations in FY24 Q3, according to CEO Satya Nadella. Check out the tech giant's most recently quarterly report. Read: https://t.co/qT5yoHdbe1 #Microsoft
Microsoft reports Q4 Intelligent Cloud revenue up 21% YoY to $26.71B, vs. $26.26B est., with Azure and other cloud services revenue up 31% YoY (@jordannovet / CNBC) https://t.co/eiIyJW7o2R 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/XtIoDEzyJd
Microsoft’s revenue and profit rose last quarter as excitement about artificial intelligence bolstered demand for its software and cloud services. https://t.co/WJCzMkVWKy
Microsoft beats quarterly revenue estimates https://t.co/Mfre5s2aFK
Microsoft results beat expectations as quarterly profits rise 20% to nearly $22B https://t.co/2p8crQg8ge
Microsoft’s heavy bet on AI pays off as it beats expectations in second quarter https://t.co/h6zYjQpAXh
$MSFT beats Q3 top and bottom lines on cloud strength, AI https://t.co/5ZO5vGhXXl 💵 Revenue: $61.86B vs $60.88B expected 💲 EPS: $2.94 vs $2.83 expected ☁️ Commercial cloud revenue: $35.1B vs $33.93B https://t.co/4YrrqQgWbG
$MSFT: "Azure and other cloud services revenue grew 31% driven by demand for our consumption-based services with 7 points from our Al services" https://t.co/d3kALqjcbw
Microsoft Surges As AI-Growth Drives Across-The-Board Beat https://t.co/eu94Kefmfd
Microsoft earnings: Stock jumps on strong Azure growth, profit and revenue beats https://t.co/XgMd0pN1Rf
Microsoft’s revenue and cloud sales beat expectations https://t.co/1OOe8yXCA2
Microsoft double beat. CEO @satyanadella: "Microsoft Copilot & Copilot stack are orchestrating a new era of AI transformation..." CFO: "This quarter Microsoft Cloud revenue was $35.1 billion, up 23% YoY" $MSFT: +4.3% AH https://t.co/vI9QFU9tu6
Big picture takeaway from $MSFT and $GOOG: We're just getting started with AI. We see it. in $NVDA, $AMD and the cloud businesses. I expect AWS will meet the Street's 15% growth for March, up from 13% in Dec.
Microsoft cloud growth accelerates on back of AI push @CNBC https://t.co/f55MpRpKPy
Microsoft Smashes Earnings Expectations—Stock Up 5% https://t.co/IFGrCGFdCh https://t.co/Edjrnp7hQH
Big picture takeaway from $MSFT and $GOOG: We're just getting started with AI. We see it. in $NVDA, $AMD and the cloud businesses. I expect $AWS will meet the Street's 15% growth for March, up from 13% in Dec.
Microsoft’s quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker’s cloud and artificial intelligence offerings. https://t.co/QNDNYf0qdD
Microsoft cloud growth accelerates on back of AI https://t.co/BZmCn4wann
Big picture take away from $MSFT and $GOOG: We're just getting started with AI. We see it. in $NVDA, $AMD and the cloud businesses. I expect $AWS will meet the Street's 15% growth for March, up from 13% in Dec.
Microsoft double beat. CEO @satyanadella: "We’ve moved from talking about AI to applying AI at scale" CFO: "Strong execution by our sales teams & partners drove Microsoft Cloud revenue to $33.7B, up 24% (up 22% in CC) YoY" $MSFT: +4.3% AH https://t.co/ARRGyIOAEH
Here we go: @Microsoft Q3 out with a double beat. The big number that everyone is looking for... Cloud growth: 22% Up ~5% on the news. The good results that the market needed after a tough day for markets overall. $MSFT https://t.co/LX88DhEkv7
Microsoft $MSFT Azure growth accelerated once more in fiscal Q3, increasing 31% YoY, up from 30% last quarter and 29% in Q1. https://t.co/o1pRpHkart
$MSFT Microsoft beats. +5.6% AH https://t.co/H4YRkk72vF
⚠️ MICROSOFT BEATS QUARTERLY REVENUE ESTIMATES Full Story → https://t.co/EGCWh40682 Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products. https://t.co/AbZbnpE5U2
$MSFT going higher on Azure, up 31% YoY, Street looking for 28.6%. Thats a slight acceleration from 30% in Dec-23, and 29% in Sep.
Microsoft double beat - Q3 2024 GAAP EPS $2.94, Beats $2.82 Estimate - Sales $61.900B, Beats $60.804B Estimate $MSFT
Microsfot, $MSFT, earnings: - Revenue: $61.9 billion, est: $60.87 billion - EPS: $2.94 https://t.co/E9SOE2vSsi
Microsoft $MSFT exploding higher in after hours after reporting earnings https://t.co/TikNmbCH7k
$MSFT EPS and REV Beat
$MSFT 🚨🚨 MSFT: EPS beat by 12c Rev Beat -- Rev $61.9B .. Exp $60.6B https://t.co/PzmNzgAWYG
.@Meta delivers strong #earnings, but weak guidance and heavy #AI spending prompt investors to bail https://t.co/0dfJG3Dbhl @SiliconANGLE @Mike_Wheatley “Advertising is increasingly becoming AI-powered, and Meta faces some formidable foes...” - @holgermu https://t.co/dA8yWT30o4
$MSFT and $GOOGL set to report earnings after the bell. "It's probably the most important earnings night I think of all earnings," says @divestech. He shares what to expect: https://t.co/WQviSm6Woh
$META | Meta's Q1 Earnings: Analysts Say Support Its AI Strategy, 'Use Meta As A Source Of Funds,' Question Long-Term Value On reviewing Meta's Q1 earnings, JPMorgan believes "it can become the leading AI company in the world." Needham analyst however questions whether the… https://t.co/I6S0g8qbBj
$MSFT $GOOGL ER AH today https://t.co/8q0224dutR
MyPOv: @Meta delivers strong #earnings, but weak guidance and heavy #AI spending prompt investors to bail https://t.co/OeHogLasUQ @Mike_Wheatley “Advertising is increasingly becoming AI-powered, and Meta faces some formidable foes...” - @holgermu @constellationr
Microsoft set to report earnings after the bell https://t.co/oRjA2PNin3
Tech Stocks Tumble As Meta’s AI Bet Spooks Investors https://t.co/XpMmILMQP6 https://t.co/j2eQHT579e
Microsoft earnings: Will AI help Azure cloud revenue soar? https://t.co/NYEo2LD4CA https://t.co/mtLRHVLjO7