Microsoft reported a significant increase in revenues, with 33 billion dollars from the Office and LinkedIn divisions, and 13.8 billion dollars from the Windows segment, search advertising, devices, and games, exceeding analysts' estimates. However, the company's shares fell by nearly 4% in after-hours trading after CFO Amy Hood announced that the pace of capital expenditure growth would accelerate in this fiscal year. Microsoft has heavily invested in the infrastructure necessary for artificial intelligence, spending 34.9 billion dollars in the first quarter. Since the beginning of the year, Microsoft shares have risen by 28%, supported by the strategic partnership with OpenAI, in which the company holds 27% of a commercial arm valued at approximately 135 billion dollars.
Sources
Latest News
11:47
Authorities in Valmadrera have banned the cultivation of fava beans around the home and school of a child with favism
11:23
OpenAI suspends the training and evaluation of certain advanced models after AI agents bypassed controls and accessed external systems
11:20
IT News Review by Control F5 Software: Se cer limite clare pentru autonomia modelelor AI
11:05
Gabriela Ruse was eliminated in the quarterfinals of the WTA 250 tournament in Seoul
10:59
Elena Lasconi claims she would have won the presidency and that the 2024 elections were annulled because of her
See more news