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Microsoft results top Wall Street targets, driven by AI investment

(Reuters) -Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade. Executives forecast ranges for current quarter cloud revenue that were mostly above Wall Street targets. The rise in Microsoft shares after the bell lifted the company's stock market value by $128 billion as profit and revenue growth overshadowed its higher-than-expected capital expenditures.

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Microsoft Corporation (NASDAQ:MSFT) Q2 2024 Earnings Call Transcript

Microsoft Corporation (NASDAQ:MSFT) Q2 2024 Earnings Call Transcript January 30, 2024 Microsoft Corporation beats earnings expectations. Reported EPS is $2.93, expectations were $2.78. Operator: Greetings, and welcome to the Microsoft Fiscal Year 2024 Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal […]

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Microsoft Corporation (NASDAQ:MSFT) Q2 2024 Earnings Call Transcript

Operator: Greetings, and welcome to the Microsoft Fiscal Year 2024 Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

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Microsoft (MSFT) Q2 2024 Earnings Call Transcript

MSFT earnings call for the period ending December 31, 2023.

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Microsoft beats market estimates with AI-driven quarterly profits, faces investor concerns on rising costs

Microsoft beats market estimates with AI-driven quarterly profits, faces investor concerns on rising costs
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