Reported 21 days ago
Microsoft reported its Q2 earnings, beating overall estimates but falling short in its Intelligent Cloud segment, causing stock prices to drop over 4%. Despite a 21% increase in Commercial Cloud revenue to $40 billion, it did not meet Wall Street's $41.1 billion expectations. The company's Intelligent Cloud revenue, including Azure, reached $25.5 billion versus the anticipated $25.8 billion. CEO Satya Nadella highlighted significant growth in AI services, yet concerns arise over the company's AI investments amidst competition from China's DeepSeek.
Source: YAHOO