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
20:32
Marian Neacșu, after the attack in Krakow: “Such manifestations are closely monitored to prevent any form of aggression”
20:07
Who is the perpetrator of the attack in Krakow: a Polish citizen who allegedly acted alone
19:52
Luca Niculescu, message of solidarity with Poland after the armed attack in Kraków
19:28
Five EU countries call for an accelerated energy agreement with the United Kingdom ahead of the November 20 summit
19:06
The testimony of a Romanian in Krakow during the armed attack: “Only luck saved me”
See more news