Delta Air Lines (DAL), the world’s largest carrier by revenue, reported upbeat second quarter results and reinstated its guidance as growing economic clarity deflects headwinds resulting from the global trade war. For the quarter, Delta posted adjusted revenue of $15.5 billion against estimates for $15.54 billion, per Bloomberg consensus, and up 1% compared to a…
Total Revenue: $14.1 billion, up 9% from last year. Cloud Revenue: $5.9 billion, up 24%. SaaS Revenue: $3.5 billion, up 10%. IaaS Revenue: $2.4 billion, up 52%. Cloud Services and License Support: $10.8 billion, up 12%. Infrastructure Subscription Revenues: $6 billion, up 17%. Operating Income: Grew 10%, with an operating margin of 43%. Non-GAAP EPS:…
Microsoft has regularly outpaced the stock market, more than tripling over the past five years. The stock is a little less than 10% removed from its all-time high, but it won’t be like that for long. Microsoft Cloud and the company’s AI initiatives prompt me to be bullish on the stock. These two parts of Microsoft’s business…
One of the most important dates in modern history is Nov. 30, 2022 — the day that OpenAI released ChatGPT to the public. It didn’t take long for people all over the world to become totally enamored by the potential of generative artificial intelligence (AI). Perhaps no company has benefited as much from the AI…