Recent events show that Microsoft is investing in artificial intelligence while massively reducing its workforce. Although there may be doubts about this image, the company’s continuous layoffs combined with considerable investments in technology lead to skepticism. Their financial outcomes indicate a net profit of $27.2 billion for the quarter, representing a 24% rise from the previous year, largely due to income from Azure, their cloud computing platform.
In the earnings report, CEO Satya Nadella highlighted the pivotal impact of cloud and AI on various industries, stating that Azure’s revenue surpassed $75 billion, marking a 34% growth fueled by advancements in multiple fields. While revenue from Microsoft’s gaming division rose by 10% and content and services related to first-party offerings and Xbox Game Pass saw a 13% increase, this was eclipsed by a 22% decline in Xbox hardware sales. The current market clearly indicates a preference for cloud and AI technologies over other areas.
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