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- Microsoft’s revenue +15% to $64.7B, as net income +10% to $22.0B
Microsoft’s revenue +15% to $64.7B, as net income +10% to $22.0B
Bay Area Times
July 31, 2024
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Top stories today:
- Microsoft’s revenue +15% to $64.7B, as net income +10% to $22.0B
- AMD’s revenue +9% to $5.8B, with AI units growing
- ‘Friend’ AI wearable device listens, texts you, priced at $99
- Trump 61%, Harris 38% odds of winning: Nate Silver
- Japan leads in Paris Olympics, as U.S. is expected to catch up
0. Data and calendar
All values as of 12 AM ET / 9 PM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Microsoft’s revenue +15% to $64.7B, as net income +10% to $22.0B
Growth across segments were stable, with Azure slightly decelerating from 31% YoY to 29%
8 p.p. of Azure’s increase was AI-related, from 7 p.p. in the prior quarter.
Stock -3% after hours, as investors expected more positive news about AI.
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3. AMD’s revenue +9% to $5.8B, with AI units growing
Data Center and Client are their AI segments:
