Browsing: tech sector

Tech giants Amazon and Microsoft face workforce reductions as AI technology advances, potentially cutting 235,000 jobs this year.

Microsoft reported a 13% increase in revenue to $70.1 billion for its third fiscal quarter, driven by strong growth in cloud computing and artificial intelligence.

Microsoft reported a strong quarterly performance driven by its cloud computing and artificial intelligence business, with revenue reaching $70.1 billion and net income of $25.8 billion.

Microsoft reports $25.8 billion net income for January-March quarter, beating Wall Street expectations

Microsoft Corp’s cloud computing and artificial intelligence business helped deliver $70.1 billion in sales and boosted profits by 18 percent for the January-March quarter.

Microsoft reports $25.8 billion net income for January-March quarter, beating Wall Street expectations

Microsoft’s ‘blowout’ earnings report has set a positive tone for the tech sector, helping the S&P 500 recover from a 2% drop.

Microsoft’s cloud computing and AI business drives $70.1 billion in sales, beating Wall Street expectations

Microsoft’s cloud computing and AI segment drives revenue growth despite tech sector turbulence

Microsoft reported an 18% increase in profits for the January-March quarter, driven by growth in cloud computing and artificial intelligence despite turbulence in the tech sector.