Microsoft's CEO, Satya Nadella, emphasized the company's focus on AI, stating that they have moved from talking about AI to applying it at scale. The company reported strong Q4 earnings, with total revenue up 18% year-on-year to $62 billion and gross margin at 68%. Azure AI contributed significantly to the growth, with 53,000 customers, a 200% increase quarter-on-quarter. Nadella also highlighted the transformative role of AI in work and raised guidance on Azure to 28% for the next quarter. The company's stock is expected to rise slightly following the positive news.
Davos 2024 - Satya Nadella, Microsoft's Chief Executive Officer and Klaus Schwab about regulation of AI... Source: World Economic Forum (YouTube) https://t.co/NsKZtG8JOW
New highs for "AI" mentions on the conference calls of both Microsoft $MSFT and Alphabet $GOOGL this quarter! Will the remaining mega-caps exceed all priors as well? NVIDIA $NVDA will have to discuss "AI" a lot to beat last quarter's 154 mentions! https://t.co/lZhY0Aj40K
Davos 2024 - Satya Nadella, Microsoft's Chief Executive Officer and Klaus Schwab about new technologies creating renaissance for human kind... Source: World Economic Forum (YouTube) https://t.co/wnieAvJdZ8
WOW! Satya Nadella, Microsoft’s CEO, said during the earnings call: “Over half of the Fortune 500 use Azure OpenAI today.” Azure currently has over 53,000 Azure AI customers, with one-third added over the past 12 months (that means 50% growth). Via @bretkinsella
Microsoft CEO, Satya Nadella, has talked about how the company is going to protect against AI misuse and misinformation in the upcoming U.S. Election. DETAILS: https://t.co/wDyEVkyVFK #Microsoft
“We’ve moved from talking about AI to applying AI at scale,” says @satyanadella, and @Microsoft has the receipts to prove it. https://t.co/zBbe2hIwo2
Satya Nadella feels AI will create new jobs; @Microsoft CEO opens up on #NYTlawsuit, #GenevaConventions on #cybersecurity https://t.co/8qJG5NZtPu
Wow. Im using AI for many things. It’s so good. Love it. This is massive. $msft $nvda
Some added insights from the $MSFT call. It’s all about AI….. AI: - moving from “talking” to “applying” (check out Dec podcast predicting this) - 53,000 @Azure AI customers, 1/3rd new (wow) - half F500 using Azure OpenAI - “took share this Q with AI advantage” - CapEx… https://t.co/9eQW5jPVBL
Microsoft $MSFT CEO Satya Nadella: "We’ve moved from talking about AI to applying AI at scale by infusing AI across every layer of our tech stack."
Davos 2024 - Satya Nadella, Microsoft's Chief Executive Officer and Klaus Schwab about AI, mixed reality, quantum computing... Source: World Economic Forum (YouTube) https://t.co/rvHCWV1Y85
👇🏼 Just 15 months ago Satya said AI "is going to be a part of every product" Now 🤯 "We’ve moved from talking about AI to applying AI at scale," CEO Satya Nadella said in a statement. "By infusing AI across every layer of our tech stack, we’re winning new customers and helping… https://t.co/DmedQvSwmp
Davos 2024 - Satya Nadella, Microsoft's Chief Executive Officer and Klaus Schwab about stakeholder capitalism... Source: World Economic Forum (YouTube) https://t.co/ATm7B3Rvy1
Satya Nadella feels #AI will create new jobs; @Microsoft CEO opens up on NYT lawsuit, #GenevaConventions on cybersecurity https://t.co/8qJG5NYVZW
Satya Nadella feels #AI will create new jobs; @Microsoft CEO opens up on NYT lawsuit, #GenevaConventions on cybersecurity, writes @bijin_jose https://t.co/8qJG5NYVZW
$MSFT said AI 49x before the Q&A even started based on the earnings transcript I skimmed. Looks like that's why the after hours bump! https://t.co/DeLCMR5vrh
Wrapping up earnings reviews for both Microsoft and Google. Here’s some thoughts. $GOOGL $MSFT • Both our earnings previews, we suggested channel checks pointing to optimization spend in cloud inflecting. Sure enough both Google and Microsoft Azure spend accelerated Q/Q. •…
$MSFT raised guidance on Azure to 28% next Q. This was higher than the 26% it said last Q. AI is the tide that lifts all boats.
$MSFT is seeing the impact of AI in Azure, Office and cost savings. Bottom line, Street estimates are going up slightly tomorrow. https://t.co/UV1GrjVacm
“A growing body of evidence makes clear the role AI will play in transforming work,” Microsoft Chief Executive Satya Nadella said on an earnings call. https://t.co/gNvn41ipAC
$MSFT reported Q4 earnings results that beat both top and bottom lines: Total revs up 18% y/y to $62B, gross margin of 68% - Intelligent Cloud revs up 20% y/y to $25.9B Microsoft says it has 53,000 Azure AI customers, 1/3 of them new to Azure in 2023. Earnings Slides:… https://t.co/AfaS3jivyo https://t.co/DKC9q0A1ly
My top ten quotes from Microsoft's earnings call tonight: "It was a record quarter, driven by the continued strength of Microsoft Cloud, which surpassed $33 billion in revenue, up 24%." "Over half of the Fortune 500 use Azure OpenAI today, including Ally Financial, Coca-Cola…
Earnings releases from Microsoft and Google-parent Alphabet both underlined how quickly interest in AI is driving growth at both companies. https://t.co/fbUCKrKuRL
$MSFT Update from this Q: Azure AI contributed 6pts (vs 3pts last Q) Up 100% q/q and now ~3.5bn ARR 🤯 - and majority of all revenue is inferencing Azure OAI Service now has 53K customers, up 200% q/q (from 18K), of which 18K(!!) are new to Azure. MSFT is cleaning up shop https://t.co/tzErA9bHPJ
"We’ve moved from talking about AI to applying AI at scale," Microsoft CEO Satya Nadella said in a news release. https://t.co/SHmKPmarcE
$MSFT expects full year 2024 margins to expand by 1-2% over 2023 even though they will be investing heavily in AI.