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Microsoft beats expectations, but AI concerns force shares down
Thursday, 31 October 2024
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
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