Microsoft Profit, Sales Top Estimates on Cloud Demand

Microsoft's recent conference call revealed a positive outlook, with forecasts exceeding expectations, leading to a rise in shares. The company is focusing on AI, with significant investments in OpenAI and plans to integrate AI across its products. Despite previous warnings of muted cloud usage, Microsoft showed resilience in its third quarter performance, with strong growth in Azure and commercial cloud products. The positive forecast has been well-received by investors, indicating a strong future performance.

What was the main reason for the positive investor reaction to Microsoft's financial outlook?

• New product launches

• Increased personal computing sales

• Growth in cloud services

• Exceeding fiscal fourth quarter revenue expectations

How much of OpenAI does Microsoft own?

• 25%

• 75%

• 49%

• 51%

What is a significant focus of Microsoft's capital spending for 2024?

• Expanding retail stores

• Supporting AI initiatives

• Developing new hardware

• Increasing marketing budget

What was a key factor in Microsoft's third-quarter performance?

• Expansion into new markets

• Resilience of corporate customers

• New product launches

• Increased marketing efforts

By how much did the revenue for the Azure unit climb in the third quarter?

• 25%

• 31%

• 40%

• 15%