Microsoft shares fell by nearly 4% after the announcement regarding the increase in capital expenditures, despite solid revenues from the Office and LinkedIn divisions.
Lara Maior
IT&C knowledge
picturelibrary / Alamy / Profimedia
Always see our news on Google
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
22:54
Iulia Navalnaya urges Russians to vote for Yabloko: the September elections, a legal referendum against the war
22:39
The air forces of Bulgaria, Romania, and Spain have signed a trilateral agreement for air policing operations within NATO.
22:30
The government has approved the 'Diaspora Invests at Home' program, which offers grants of up to 200,000 euros to Romanians from the Diaspora for businesses in Romania.
22:22
The crisis in Ceuta unites the Spanish extremes: Sumar and Vox demand the exclusion of Morocco from the 2030 World Cup.
22:14
At the County Emergency Hospital in Miercurea Ciuc, the first two prostate cancer surgeries were performed with the help of the Da Vinci robotic system.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
