Microsoft reports 1QFY24 results; Azure revenue data point, AI driving revenue and CapEx
Microsoft reported its 1QFY24 (2QCY23) results for the period ending June 30, 2023. Revenue deceleration has started to stabilize as Microsoft continues to see meaningful uptake in AI services that is offsetting weaker areas within the cloud business. This is having significant implications for its CapEx outlook as Microsoft builds capacity to support this demand.
or