Microsoft MSFT shares moved higher in pre-market trading ahead of the tech giant's first quarter earnings after the closing bell. Microsoft, which effectively fired the starting gun on this year's AI frenzy with a $10 billion investment in ChatGPT creator OpenAI, is likely to provide ...
Microsoft, which effectively fired the starting gun on this year's AI frenzy with a $10 billion investment in ChatGPT creator OpenAI, is likely to provide further details on how the large-language AI model is helping it Bing search engine take share from Google parent AlphabetAnalysts also expect Microsoft to see solid revenue from growth from its Intelligent Cloud division, which houses it flagship Azure offering, as companies around the world scramble to for more data space, as well as...
Microsoft's overall revenues for the three months ending in September, its fiscal first quarter, are forecast to rise 8.7% from last year to $54.5 billion, with earnings up 12.8% to $2.65 per share, according to Refinitiv data. Microsoft shares were marked 0.97% higher in pre-market trading to indicate a Tuesday opening bell price of $332.52 each, a move that would extend the stock's six-month gain to around 18%.
Microsoft rival Salesforce CRM earlier this year filed a complaint with European officials, arguing that including Teams as a free offering in Office 365 was harming the company's ability to expand Slack, the business messaging app it purchased in 2020.
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