Versuchen GOLD - Frei
Microsoft Beats Estimates on Higher Cloud Demand
Business Standard
|May 02, 2025
Revenue at Azure rose 33%; shares surged 10% in early trade on Thursday
Microsoft forecast on Wednesday stronger than expected quarterly growth for its cloud-computing business Azure after blowout results in the latest quarter, calming investor worries in an uncertain economy.
Microsoft shares rose 10 per cent to $435.91 as the markets opened in New York on Thursday. Microsoft said revenue at its Azure cloud division rose 33 per cent in the third quarter ended March 31, exceeding estimates of 29.7 per cent, according to Visible Alpha. AI contributed 16 percentage points to the growth, up from 13 points in the previous quarter.
The company also forecast cloud-computing revenue growth of 34 per cent to 35 per cent on a constant currency basis for the fiscal fourth quarter to between $28.75 billion and $29.05 billion, well above analyst estimates, according to data from Visible Alpha.
Diese Geschichte stammt aus der May 02, 2025-Ausgabe von Business Standard.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business Standard
Business Standard
Big bank pursuit: FM says in talks with RBI, lenders
Indicating that talks for the second phase of consolidation among Indian public-sector banks are underway, Union Finance Minister Nirmala Sitharaman on Thursday said that the government has begun discussions with the Reserve Bank of India (RBI) and the banks on building the ecosystem to create bigger banks in India.
2 mins
November 07, 2025
Business Standard
Godrej Properties' profit up 21% to 405 cr
Real estate firm Godrej Properties' profit (attributable to the equity holders of the parent) for the second quarter of the financial year 2026 (Q2FY26) grew by 21 per cent year-on-year (Y-o-Y) to 405.1 crore, beating analysts' estimates.
1 min
November 07, 2025
Business Standard
SCALING NEW HEIGHTS - EMBASSY DEVELOPMENTS BRINGS ITS VISION TO MUMBAI
As India's residential real estate market enters a new phase of growth, Embassy Developments Ltd (EDL) is bringing its pioneering spirit, renewed leadership, and commitment to excellence to Mumbai's skyline
3 mins
November 07, 2025
Business Standard
P&G Q2 profit sees marginal decrease
Procter & Gamble Hygiene and Health Care saw its net profit marginally decline 1 per cent to ₹209.86 crore in the July-September quarter. Its revenue was up 1.32 per cent to ₹1,150.17 crore in Q2FY26.
1 min
November 07, 2025
Business Standard
India diversifies petroleum exports to new destinations
Move comes as traditional buyers of the country reduce imports
2 mins
November 07, 2025
Business Standard
NITI panel calls for reset of over 200 quality orders stifling factory output
A high-level government committee has proposed the cancellation, suspension, and deferment of quality control orders (QCOs) for more than 200 products, citing concerns that these orders have increased compliance burdens and disrupted supply chains, thereby hurting India’s manufacturing competitiveness.
2 mins
November 07, 2025
Business Standard
SBI greenlights 6% stake sale in mutual fund arm via IPO
India’s largest fund manager could fetch valuations of over ₹1 trillion
3 mins
November 07, 2025
Business Standard
Lupin PAT surges 73% on key global mkts' growth
Pharmaceutical major Lupin Limited has reported a 73.3 per cent year-on-year (Y-o-Y) surge in consolidated net profit, comfortably beating market expectations. The results, declared today post-market hours, were driven by strong growth across key global markets.
1 min
November 07, 2025
Business Standard
Contorting yoga with ideology
London-based poet, novelist, pamphleteer, and activist Stewart Home, who makes “headstand paintings with the canvas placed above him and brushes held in his toes”, wants to “discourage those thinking of taking up modern postural practice for health reasons from doing so”.
3 mins
November 07, 2025
Business Standard
APM-Maersk charts 'bold' India plans
Denmark's $55 billion shipping conglomerate AP Moller-Maersk has announced a $2 billion plan to invest in India, focusing on Pipavav Port, owned by its subsidiary APM Terminals, and other initiatives spread across verticals in the maritime economy.
3 mins
November 07, 2025
Listen
Translate
Change font size