Microsoft beats expectations, but AI concerns force shares down

Thursday, 31 October 2024

Microsoft beats expectations, but AI concerns force shares down

San Francisco (AFP) Oct 30, 2024

Microsoft delivered solid quarterly results on Wednesday, beating analyst expectations with revenue jumping 16 percent to $65.6 billion, but questions were raised about the company's big spending on the AI boom. The tech giant reported net income of $24.7 billion for the quarter ending September 30, marking an 11-percent increase from the same period last year. Earnings per share rose 10 per

👓 View full article

0 shares	Share Tweet Save Post Send

Microsoft beats expectations, but AI concerns force shares down

You Might Like