This decision was supported by the growth of the important aspect of Microsoft – Azure Cloud platform. Sales in this unit increased by 39% in the fourth financial quarter, higher than the analysts. The total annual income of the company’s cloud business reached $ 75 billion – Microsoft announced this figure for the first time for Azure.
Financial results were stronger than predictions. Corporation’s total income for the quarter increased by 18% and reached $ 76.4 billion per share, $ 3.65. These results led to the growth of the proposals: After closing the auction, Microsoft shares increased by 9%and if the dynamics remain, the market value of the company will exceed $ 4 trillion.
The company emphasizes that the increasing interest in productive artificial intelligence promotes demand not only for AI tools, but also for relevant services such as storage and analysis of data. However, according to the background of the high demand, costs increase – in the last quarter, capital expenses were records of $ 24.2 billion, and the new quarter will be even more costly than the estimation.
Source: Ferra
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