Microsoft sails as AI boom fuels double-digit growth in cloud business
Briefly

"AI-driven transformation is changing work, work artifacts, and workflow across every role, function, and business process," said Microsoft CEO Satya Nadella.
"We are expanding our opportunity and winning new customers as we help them apply our AI platforms and tools to drive new growth and operating leverage," Nadella added.
Microsoft reported $3.30 earnings per share, against an anticipated $3.10 per share, on revenue of $65.59bn, exceeding analyst estimates.
Amid these developments, investors remain cautious about big tech's vast AI investments and are seeking clearer insights on timeframes for returns.
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