Microsoft VP Brett Iversen reiterated that the firm will not be able to address AI capacity constraints until the second half of its fiscal year.

Microsoft’s Azure cloud business, used by several leading retailers in Australia, was the main growth driver for the company as it reported better-than-expected earnings on Wednesday. Revenue from its fastest-growing division increased by 22 per cent to $38.9 billion (A$59.19 billion), and Azure now had around 39,000 customers globally, up 80 per cent year-over-year. The... Read More

Microsoft shares fell after the company projected slower cloud revenue growth, citing data centre constraints affecting Azure’s AI services.

Microsoft revenue is up, shareholder confidence down

Microsoft delivered fiscal first-quarter earnings that topped Street expectations, but shares fell after a warning its cloud growth could slow.