US technology giant Microsoft has abruptly suspended some services for a number of clients in mainland China, fuelling speculation about accelerating technological decoupling between the world’s two largest economies. Guangzhou-based Sun Yat-sen University sent a notice to faculty and students on Tuesday night stating that Microsoft 365 services – including OneDrive, OneNote, and SharePoint –…
Revenue: $69.6 billion, up 12% year-over-year. Gross Margin: Increased 13% and 12% in constant currency. Operating Income: Increased 17% and 16% in constant currency. Earnings Per Share (EPS): $3.23, an increase of 10%. Microsoft Cloud Revenue: $40.9 billion, grew 21% year-over-year. AI Business Annual Revenue Run Rate: Surpassed $13 billion, up 175% year-over-year. Commercial Bookings:…
Microsoft (MSFT) reported its fiscal first quarter earnings after the bell on Wednesday, beating on the top and bottom lines on the strength of its cloud business. Microsoft stock was up about 2% in after-hours trading following the release. Microsoft is one of the biggest beneficiaries of the AI boom, thanks to the billions it…