Microsoft’s Activision acquisition and bets on AI yield high quarterly revenue
Summary
Microsoft beat analyst expectations Tuesday as its heavy bets on artificial intelligence bore fruit, particularly for its Azure cloud computing unit. By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector.” Microsoft Cloud revenue rose 24% year-over-year. “The company’s recent financial performance, marked by a remarkable 18% revenue surge in today’s earnings release, signals a potent blend of innovation and strategic foresight,” said Insider Intelligence/eMarketer senior director of briefings Jeremy Goldman. The US Federal Trade Commission announced last week that it had begun an investigation into the company’s $10bn investment in OpenAI, as well as deals made by Google, Amazon and AI startup Anthropic. This quarter also marks the first time Microsoft reported earnings with Activision Blizzard, the A-list gaming studio behind hits like Call of Duty and World of Warcraft, under its roof.
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