tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Microsoft CEO: Cloud, AI ‘essential inputs’ for every business to expand output

“Cloud and AI are the essential inputs for every business to expand output, reduce costs, and accelerate growth,” said Satya Nadella, chairman and chief executive officer of Microsoft (MSFT). “From AI infra and platforms to apps, we are innovating across the stack to deliver for our customers.” “We delivered a strong quarter with Microsoft Cloud revenue of $42.4B, up 20% (up 22% in constant currency) year-over-year driven by continued demand for our differentiated offerings,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1