Thursday, 29 October 2026
Market

Can Azure's AI boom drive Microsoft shares higher?

Microsoft reported revenue of $92.3 billion for the first quarter of fiscal 2027, marking a 19% increase year-on-year. Adjusted earnings stood at $4.89 per share, beating Wall Street expectations as strong demand for cloud computing and artificial intelligence supported growth across its business. (…

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Market

Microsoft beats expectations fueled by Azure cloud business

Microsoft has unveiled its impressive financial performance, reporting a revenue of $92.3 billion and profits soaring past $36.6 billion. The Azure cloud services experienced a remarkable growth of 48%, driven by an increasing demand for AI technologies. In a strategic move, the company has offered…

Market

Shares in Google owner Alphabet sink on profit miss, ad slowdown

Alphabet has witnessed a notable decline in its net profit and advertising revenue for the third quarter, specifically from July to September. The net profit dropped 25 percent to $26.2 billion, which fell short of analyst predictions. While YouTube's revenue growth has decelerated, Google Cloud's r…

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