Microsoft on Wednesday reported $70.1 billion in revenue for the March quarter, up 13%, with earnings of $3.46/share, topping Wall Street’s expectations by both measures. Analysts expected revenue of $68.4 billion and earnings of $3.22 per share.

The company topped revenue expectations on strong Azure cloud-computing growth, reassuring investors that its hefty AI investments were paying off.

Microsoft reported its Q3 earnings on Wednesday, blowing analysts' estimates out of the water with massive revenue and earnings per share.

West Coast tech giants Microsoft and Meta both exceeded analyst forecasts in first-quarter earnings reports Wednesday.

Microsoft saw a surprisingly strong performance in the cloud, but it’s also monetizing generative AI well and moderating capital-spending growth.

Microsoft CEO Satya Nadella appeared on stage at Meta’s LlamaCon yesterday to discuss the company’s use of AI models with Meta CEO Mark Zuckerberg. “I’d say maybe 20 to 30 percent of the code that is inside of our repos today in some of our projects are probably all written by software,

Microsoft CEO Satya Nadella told Meta CEO Mark Zuckerberg that a big chunk of the tech giant's code is now written by AI.

Microsoft and Google, say AI is writing more of their code — and Mark Zuckerberg predicts AI could handle half of Meta's dev work within a year.