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The ecommerce and tech giant posted another blockbuster quarter, with enhanced profitability, increased advertising sales and signs of stabilization in its cloud business
Microsoft’s financial results for the September quarter came in better than expected. Part of this was due to the company’s cloud computing business. Importantly its Azure cloud business was up 28% on a constant currency basis, better than the 25%-26% company forecast. Of the 28%, three percentage points came from AI services, which bodes well for Microsoft (MSFT.us) as its AI offering are weighted towards the second half of the…
The social media giant continued its comeback with record profit and revenue in Q3, helped by the rebound in advertising, but also warned of softness in the current quarter
The two tech giants at the forefront of artificial intelligence reported strong results on Tuesday, but Microsoft saw an acceleration in cloud revenue due to AI, as Google appears to lag in monetization
The market seems to be cheering Netflix’s (NFLX.us) Q3 results. Released after the market close last week Wednesday, 18 October, the Q3 results showed that nearly 8.8m net new subscribers were added for the quarter. This is the highest number in years.
US oil and gas giant Chevron announced its plans to acquire Hess Corporation, in another sign of the consolidation in the energy industry, just days after ExxonMobil’s deal to buy Pioneer Natural Resources
Tech giants at the forefront of Artificial Intelligence dominate this week’s calendar, with Microsoft, Alphabet, Meta and Amazon reporting
The social media giant announces its latest quarterly results on October 25, running an impressive year, with improved financials and an acceleration in its Artificial Intelligence capabilities
Tesla released its Q3 earnings yesterday, which were weak and included downbeat comments from CEO Elon Musk. Company adjusted EPS was 66c with disappointing gross margins (excluding regulatory credit sales) of 16.3%. This was lower than the Wall Street estimate of 70c and 17.5% respectively. Operating margin was 7.6%, almost 10% lower than 2022’s comparable.
The streaming giant is a growth story again as the pace of user additions and revenue increase accelerated in Q3 due to the success of its strategic initiatives, but also announced price hikes to some of its tiers
Tesla and Netflix release their highly anticipated Q3 results today after Wall Street closes, kicking things off for Big Tech, with more giants like Microsoft and Amazon following next week
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