From PC Mag: Microsoft's latest earnings call reveals the company is increasingly relying on its Cloud and AI businesses for future gains.
Cloud revenue grew 22% year-over-year, and "Intelligent Cloud" saw a 20% bump as well. Microsoft's Cloud services include a range of cloud-hosted software solutions for businesses, including Microsoft Defender, Sentinel, Azure, AI, and other offerings. The Intelligent Cloud consists of server products and cloud services including GitHub cloud services and other cloud computing options.
The company also believes its AI business may rise to $10 billion by mid-2025, according to a post from Microsoft Communications Lead Frank Shaw. Microsoft has been pushing AI across its enterprise products with upcoming launches like autonomous AI agents, and has released a line of Copilot+ PCs and released AI features like Recall this year.
"AI-driven transformation is changing work, work artifacts, and workflow across every role, function, and business process," Microsoft Chairman and CEO Satya Nadella said in a statement. "We are expanding our opportunity and winning new customers as we help them apply our AI platforms and tools to drive new growth and operating leverage."
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