Preeti
Microsoft CEO Satya Nadella discussed the increasing maturity of the AI market, with systems integrators adopting tools for fine-tuning AI models. Microsoft’s quarterly earnings call highlighted the availability of tools for AI model deployment and data preparation, including Fabric, PostgreSQL, and Cosmos. Nadella emphasized the importance of AI in various business processes and the potential for growth in AI adoption.
The call also focused on Microsoft’s partnerships and interoperability with vendors like ServiceNow, SAP, and Salesforce to bring AI to different business systems. AI spending has shifted from traditional IT to areas like customer service and marketing, driving improvements in operations. Microsoft’s Azure cloud platform is a key player in AI projects, attracting new customers and offering services like Azure AI Search.
Nadella highlighted Microsoft’s commitment to cybersecurity, with initiatives like the Secure Future Initiative and Copilot for Security. The company’s third-quarter earnings showed strong growth in commercial bookings, operating income, and net income. The Microsoft Cloud segment, including Office 365, Teams, and Viva, saw revenue growth, as did the intelligent cloud business segment, driven by Azure and AI services.
Looking ahead, Microsoft provided guidance for the fourth quarter, expecting growth in revenue across segments like productivity and business processes, intelligent cloud, and more personal computing. Windows, Azure, and Dynamics are expected to drive growth, with a focus on AI, hybrid demand, and continued innovation. Overall, Microsoft’s financial outlook remains positive, with a strong focus on AI, cloud services, and cybersecurity.
Source link
Source link: https://www.crn.com/news/cloud/2024/microsoft-q3-fy2024-earnings-ceo-nadella-says-si-ai-work-a-maturing-market-sign
GIPHY App Key not set. Please check settings