30 October 04:51
IT&C knowledge
picturelibrary / Alamy / Profimedia
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.