menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cloud News

>

Microsoft ...
source image

Silicon

3w

read

26

img
dot

Image Credit: Silicon

Microsoft Shares Sink After Cloud Unit Misses Projections

  • Microsoft shares dropped more than 5 percent in after-hours trading after the company slightly missed expectations for its cloud computing business.
  • Sales from Microsoft's cloud business, including Azure, grew 19 percent to $25.5 billion in Q4 2020, slightly below projections.
  • The company expects to face capacity constraints in servicing AI demand in the coming quarter, impacting Azure contract growth.
  • Microsoft's share price remains above the recent Wall Street AI reckoning, despite questions surrounding a Chinese start-up's AI chatbot outperforming Microsoft-backed models.

Read Full Article

like

1 Like

For uninterrupted reading, download the app