Analysts praised Microsoft’s results and expressed optimism about the company’s product pipeline, including Microsoft 365 Copilot.
Analysts praised Microsoft's results and expressed optimism about the company's product pipeline, including Microsoft 365 Copilot.
, both from an earnings perspective and the performance of some segments, including the company's Azure cloud unit and the anticipated rollout of Microsoft's A.I. product Copilot.The company reported on Tuesday earnings per share of $2.99, beating an LSEG consensus estimate of $2.65. The company also beat revenue consensus among analysts surveyed by LSEG, formerly known as Refinitiv. Microsoft reported revenue of $56.52 billion for the quarter, compared to a consensus estimate of $54.
Zelnick also noted that"all eyes" would be on the full launch of Microsoft's 365 Copilot artificial intelligence service in November, with Zelnick calling it"the most anticipated new product we have ever seen released in our long time covering the Software industry. Only 19% of Americans increased their emergency savings in 2023. ‘That puts households in a bind,' expert says
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