Microsoft beats expectations with 18% revenue jump, but shares slide
Microsoft’s cloud revenue climbed 26 percent to $49.1 billion, underscoring robust enterprise demand for AI-powered services [File] | Photo Credit: REUTERS Microsoft reported stronger-than-expected quarterly results Wednesday, with revenue jumping 18 percent to $77.7 billion as demand for artificial intelligence services boosted its cloud computing business. But shares in the Redmond, Washington-based company slid by […]
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