From Yahoo Finance: 2024-04-25 18:31:40

Microsoft reported its fiscal third quarter earnings, beating analysts’ estimates with EPS of $2.94 on revenue of $61.9 billion. AI services contributed 7% growth to Azure revenue, up from 6% in Q2. Microsoft anticipates Q4 revenue between $63.5B and $64.5B. Commercial cloud revenue reached $35.1B. Shares rose by 5% post-announcement. Microsoft is up 10% YTD, behind Google parent Alphabet (15%) and Amazon (22%). Coca-Cola signs a $1.1B deal with Microsoft for Azure cloud services. Microsoft unveils new AI features. Microsoft hires DeepMind AI co-founder. Multiyear partnership with French AI startup Mistral announced.



Read more at Yahoo Finance: Microsoft beats Q3 top and bottom lines on cloud strength