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Microsoft shares rose 9% in extended trading on Wall Street last night

Microsoft says to spend record $30 billion this quarter

Microsoft has forecast a record $30 billion in capital spending for the current fiscal first quarter, after booming sales in its Azure cloud computing business showcased the growing returns on its massive bets on artificial intelligence.

Business • 31 Jul

Microsoft's results could ease concerns about a potential slowdown in AI demand

Microsoft forecasts strong growth for Azure cloud unit

Microsoft has forecast stronger-than-expected quarterly growth for its cloud-computing business Azure after blowout results in the latest quarter, calming investor worries in an uncertain economy and lifting its shares 7% after hours on Wall Street.

Business • 01 May

Competitors have criticised Microsoft's practices they say keep customers locked into its cloud offering, Azure.

Microsoft faces wide-ranging US antitrust probe

The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licencing and cloud computing businesses, a source familiar with the matter has said.

Business • 28 Nov 24

Microsoft said its capital spending rose 77.6% to $19 billion in its fiscal fourth quarter that ended June 30, with cloud and AI-related spending accounting for nearly all of that

Microsoft reports slow quarterly cloud growth

Microsoft said it would spend more money this fiscal year to build out AI infrastructure even as growth slowed in its cloud business, another sign the payoff from hefty investments in the technology may take longer than Wall Street had hoped.

Business • 31 Jul 24

The Microsoft layoffs will impact teams including Azure for Operators and Mission Engineering, reports suggest

Microsoft to lay off hundreds at Azure cloud unit: report

Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider has reported, adding to a flurry of layoffs seen in the technology and media industries this year.

Business • 04 Jun 24

Microsoft's total revenue grew 18% to $62 billion in the quarter ended December 31, compared with the average analyst estimate of $61.12 billion

Microsoft touts AI strength, shares dip on higher costs

Microsoft has beaten market estimates for quarterly profit and revenue, as new artificial-intelligence features helped attract customers to its Azure cloud service as they built out their own AI services.

Business • 31 Jan 24

The company's costs rose sharply in its latest quarter as Microsoft built new data centres to support AI

Microsoft charges ahead with spending for AI demand

Microsoft has laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit.

Business • 26 Jul 23

Microsoft joined other big tech companies in turning to layoffs to ride out harder times, announcing last week it was cutting over 10,000 jobs

Microsoft's cloud business keeps profits flowing

Microsoft last night posted results that showed some strength in the face of a weak economy, buttressed by a cloud business that hit Wall Street targets for the end of 2022, but it may miss expectations in the current quarter.

Business • 25 Jan 23

Revenue growth in the first quarter was Microsoft's lowest in five years

Microsoft forecasts spook investors as economy bites

Microsoft last night projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit.

Business • 26 Oct 22

Microsoft has reported profit and revenue for its fiscal third quarter that beat Wall Street expectations

Microsoft forecasts double-digit revenue growth

Microsoft last night forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services, and its shares jumped about 4%.

Business • 27 Apr 22

Microsoft said that supply chain woes will continue to dog key units such as those producing its Surface laptops and Xbox gaming consoles

Microsoft sees cloud business growth and supply woes

Microsoft has forecast a strong end to the calendar year thanks to its booming cloud business but said supply chain woes will continue to dog key units such as those producing its Surface laptops and Xbox gaming consoles.

Business • 27 Oct 21

Microsoft said its net income for the third quarter ended March 31 jumped 44% on a year ago to $15.5 billion

Microsoft's quarterly sales grow on cloud strength

Microsoft met analysts' quarterly sales expectations and beat profit estimates, but its shares fell slightly due to some scepticism about one-off benefits included in the results and high hopes after a year-long rally.

Business • 28 Apr 21

Microsoft's overall revenue rose to $43.08 billion in the quarter ended December 31, from $36.91 billion a year earlier

Microsoft earnings rise as pandemic boosts sales

Microsoft last night said its Azure cloud computing services grew 50%, the second quarter of acceleration in a business that had begun to slow as the glob

Business • 27 Jan 21

The SpaceX deal could give Microsoft an edge over rival Amazon

Microsoft reaches for the stars with SpaceX cloud deal

Microsoft is partnering with billionaire entrepreneur Elon Musk-led SpaceX and others as it expands its cloud-computing platform into space, the software giant said on Tuesday.

Business • 20 Oct 20

Shares of the world's largest software company hit an all-time high in after-hours trading on Wall Street last night

Microsoft's cloud revenue regains momentum

Microsoft has reported quarterly sales and profit that beat Wall Street expectations on the back of the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com cloud unit.

Business • 30 Jan 20

Under CEO Satya Nadella, Microsoft has spent the past five years shifting from reliance on its once-dominant Windows operating system to selling cloud-based services

Microsoft tops $1 trillion as it predicts cloud growth

Microsoft last night briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business.

Business • 25 Apr 19

Microsoft's chief executive Satya Nadella

Microsoft's Azure revenue growth slows, shares fall

Microsoft last night met Wall Street's targets for its quarterly results and forecast, though Azure cloud computing sales grew more slowly than a year earlier.

Business • 31 Jan 19

Microsoft's quarterly profit soars on cloud services

Microsoft last night said its profit in the recently ended quarter soared on the back of revenue from services hosted in the internet cloud and its career-focused social network LinkedIn.

Business • 25 Oct 18

With the deal for GitHutb Microsoft gets a platform universally known by developers

Microsoft to take on Amazon with $7.5 bln GitHub deal

Microsoft is to buy privately held coding website GitHub for $7.5 billion in an all-stock deal to beef up its cloud computing business and challenge market leader Amazon.com.

Business • 05 Jun 18

Since CEO Satya Nadella took the helm in 2014, Microsoft's cloud business has emerged as a major growth area

Microsoft's cloud computing business grows

Microsoft's profit forecast was better than Wall Street's forecast, helped by growth in its cloud computing business, but it took a $13.8 billion one-time charge due to the new US tax law.

Business • 01 Feb 18

Azure