PYMNTS.com April 25, 2024
Digital transformation is the name of the game — and that’s great news for Microsoft.
The company, which reported its Fiscal Year 2024 Q3 earnings results on Thursday (April 25), has seen ongoing enterprise digitization fuel a greater appetite across the business landscape for innovations like artificial intelligence (AI) and cloud services — innovations that Microsoft is more than happy to provide to its customers.
“Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry,” said Satya Nadella, chairman and chief executive officer of Microsoft. “More than 65% of Fortune 500 companies now use Azure’s Open AI service.”
“This quarter Microsoft Cloud revenue was $35.1 billion, up 23%...
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