Search results for Intelligent Cloud
AI & Enterprise
Microsoft Azure cloud up 43 percent, annual revenue tops $100 billion
Microsoft posted fiscal fourth-quarter results that beat market expectations, sending its shares up about 3 percent in after-hours trading. Revenue for the quarter ended June 30 rose to $90.01 billion, while adjusted EPS came in at $4.74. Net income increased to $35.77 billion. Intelligent Cloud revenue climbed 31.6 percent and Azure growth accelerated to 43 percent, with annual Azure revenue topping $100 billion for the first time.
AI & Enterprise
Microsoft\'s Azure cloud quarterly revenue jumps 40 percent
Microsoft posted fiscal third-quarter results that beat market expectations, but its shares fell 1 percent, CNBC reported. Revenue for the quarter ended March 31 rose 18 percent to $82.89 billion, and net income increased to $31.78 billion. Cloud drove performance, with Azure-inclusive cloud services revenue surging 40 percent. Intelligent Cloud revenue came in at $34.68 billion, above estimates.
AI & Enterprise
Govt GPU second-round bidding draws five contenders, Coupang re-entry in focus
South Korea\'s second round of government support for graphics processing units has attracted five bidders, including first-round winner Naver Cloud and first-round loser Coupang, both re-entering. KT Cloud, Samsung SDS and Elice Group joined as new participants. The science ministry set evaluation criteria including economic feasibility, large scale, direct clustering, latest GPUs and service launch within the year. Officials plan evaluations and site inspections in April and May before selecting operators in May.
