Microsoft reports strong earnings as Azure hit by major outage

Tech giant reports earnings of $3.72 per share day after deal with OpenAI pushed value of company to more than $4tnMicrosoft blew off concerns of overspending on AI on Wednesday, reporting elevated earnings even as it faced an outage of its cloud computing service, Azure, and its office software suite, 365. The strong earnings report comes a day after a deal with OpenAI pushed the value of the tech giant to more than $4tn.After its Xbox and investor relations pages went down, the company issued a statement that said: “We are working to address an issue affecting Azure Front Door that is impacting the availability of some services.” Continue reading...

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