Microsoft’s Q1 Earnings Show Impact Of Companies Going All-In On AI

Key takeaways

• Microsoft smashed earnings forecasts with 7% sales lift and 9% net income increase
• The computing titan mentioned AI no less than 50 times on the call as it continues to invest in the cutting-edge technology
• Shares in Microsoft were up 9% at the report, and boosted competitors at the same time

After going so public with its bet on AI, Microsoft is now reaping the rewards. Its Q1 earnings report was released, unveiling a bumper crop of figures for the Big Tech behemoth. Revenue, net income and cloud computing were all up, delighting Wall Street and confirming Microsoft’s gamble has so far paid off.

But the good news was tinged slightly by the blow Microsoft received over its $69 billion proposed takeover of Activision Blizzard, which was blocked by UK regulators this week. We’ve got the lowdown on the earnings report and how AI is helping Big Tech companies weather the financial storm.