Mr. Softee Gets Lost in the Cloud
Microsoft (MSFT) reported its fiscal fourth-quarter earnings, surpassing Wall Street’s expectations on EPS and revenue but falling short of cloud revenue forecasts, notably in its Intelligent Cloud segment. Despite this, overall revenue increased by 15% yearly, with Intelligent Cloud revenue growing by 19%. The company highlighted that AI services contributed significantly to Azure and other cloud revenues, which grew by 29%. Following the announcement, Microsoft’s stock dropped over 7% in after-hours trading. The earnings report also impacted other AI-focused companies like Meta, whose shares declined by over 3%.
Key Facts:
- Microsoft reported an EPS of $2.95 on revenue of $64.7 billion, beating expectations of $2.94 EPS and $64.5 billion in revenue.
- Cloud revenue totaled $36.8 billion, meeting expectations, but Intelligent Cloud revenue of $28.5 billion missed forecasts of $28.7 billion.
- Microsoft’s overall revenue rose by 21% yearly, with Intelligent Cloud revenue increasing by 19%.
- AI services contributed 8 percentage points to Azure and other cloud services revenue, which grew by 29%.
- Microsoft’s earnings report caused its stock to drop more than 7% after-hours trading, impacting other AI-heavy companies like Meta, which fell over 3%.
Source: https://global-macro-monitor.com/2024/07/30/mr-softee-gets-lost-in-the-cloud/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom Nootropic
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,625,118,555 |
| Stories: | 8,211,849 |
Whistler Blowers, Insiders
