2024-07-31 14:20:54
Despite its strong results, Microsoft disappointed Wall Street. The company led by Satya Nadella has been at the forefront of investing in artificial intelligence, particularly through its partnership with OpenAI. But cloud revenue growth has slowed in recent months, making financial markets nervous.
For the full fiscal year ended June 30, its sales reached $245 billion, up 16% from a year earlier. Its net income was $88 billion, up 22%. But a slight slowdown in cloud sales in the last quarter was enough to raise doubts in the markets.
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#Microsoft #Cloud #Stalls #Markets #Worried
