Microsoft cloud computing biz to grow slowly amid shortage of data centres

Quick Summary:

Total revenue in the three months ended Dec.31 rose 12 per cent to $69.6 billion.

Capital expenditures during the quarter were $22.6 billion, the company said, exceeding analyst expectations of about $21 billion.

In the last year, Microsoft has unleashed a blizzard of Copilot-branded AI assistants, but efforts to monetise those products is taking longer than some investors would prefer.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Artificial intelligence Microsoft Cloud business Microsoft cloud computing business Microsoft

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 08:24:49 (23 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 495 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25617138

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