LinkedIn, the social platform where people look for and talk about work, may be less visible in Microsoft's earnings compared to the years when it was an independent company. But around earnings time, LinkedIn often reveals some figures that point to how it continues to grow.
Shares in Microsoft have fallen sharply after investment spending came in higher than expected in its latest results, released just days after the DeepSeek market shock for tech stocks.
Microsoft (MSFT) reported fiscal second quarter earnings of $3.23 per share. Revenue of $69.6 billion was just ahead of the Bloomberg consensus estimate of $68.92 billion.
Microsoft beat Wall Street's targets for its fiscal second quarter thanks to its booming artificial intelligence business. But Microsoft stock fell.
Microsoft (MSFT) shares moved lower after the close Wednesday as the tech giant reported fiscal second-quarter Intelligent Cloud revenue that missed analysts' expectations.
Microsoft reported second-quarter earnings late Wednesday. The company's AI and cloud computing sales results were lower than analysts expected.
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Microsoft Corp (NASDAQ:MSFT) shares fell more than 3% after the bell Wednesday on slower-than-anticipated growth in its cloud segment. Despite the overall strong results, investors were disappointed with Microsoft's Azure cloud business, where revenue growth in constant currency slowed to 31% year-over-year, missing analysts' estimates of 32% and down from 34% in the prior quarter.
The tech giant's revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for tech stocks.
CNBC's Steve Kovach and Adam Crisafulli, Vital Knowledge, join 'Closing Bell Overtime' to talk Microsoft earnings.
Microsoft says it's generating revenue from its artificial intelligence products and services at a rate of $13 billion annually, exceeding the $10 billion run rate that the company foreshadowed previously.
Microsoft is probing if a DeepSeek-linked group took OpenAI data and Howard Lutnick, Trump's nominee for commerce secretary, said DeepSeek "stole things." Bloomberg's Caroline Hyde has more on the story.