Displaying items by tag: Amy Hood

Microsoft decided to invest in OpenAI after a warning from a company official that Google had taken a big lead in the technology, Ars Technica reports.

Microsoft has made a profit of US$72.4 billion (A$106.7 billion) on revenue of US$211.9 billion for the fiscal year which ended on 30 June, the company announced on Tuesday, adding that the annual revenue figure was an increase of 7% over the previous fiscal year.

Microsoft has seen its profits drop 14% year-on-year in the first quarter of financial year 2023 as PC sales were affected by the slowing economy.

Software giant Microsoft has reported record revenue for both the final quarter of the financial year 2019 and the whole year, pulling in US$33.7 billion for the quarter, a 12% year-on-year increase, and US$125.8 billion for the year, 14% more than in the preceding financial year.

Software giant Microsoft has become the third American company to hit US$1 trillion in market value after retailer and cloud provider Amazon and Apple, with the company's third-quarter results, which were better than expected, pushing up its stock price.

Software giant Microsoft has ended the fiscal year 2018 with a bang, with the final quarter bringing in revenue of US$30.1 billion, an increase of 17% over the corresponding quarter in the previous financial year.

Analysts' worst fears were realised today, with Microsoft admitting it was US$900 million short on sales projections for its Surface RT tablets.