Microsoft, Azure Cloud and earnings per share
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The company is seeing more demand for its cloud computing and AI services than it can keep up with, a challenge that is supercharging profits.
Microsoft said on Wednesday it spent nearly $35 billion on artificial intelligence in its fiscal first quarter, surpassing market expectations and overshadowing blockbuster growth in its cloud-computing business.
Microsoft suffered outages on its Azure cloud computing platform and 365 services Wednesday, hours before the Redmond tech giant was set to release quarterly earnings.
Perhaps no number is more important to Microsoft investors than the company's growth rate in the cloud. Microsoft's Azure cloud-computing business grew revenue at a 39% clip in the June quarter, and a
Microsoft says users of its Azure cloud portal may be not be able to access Office 365, Minecraft or other services due to issues with its global content delivery network services.
Azure cloud computing platform took down a long list of services from Xbox Live and Microsoft 365 to critical systems for airlines and banks.
Microsoft's Azure cloud computing platform is enduring an outage that is affecting many Microsoft services ahead of its scheduled quarterly earnings report.