Microsoft's Q4 earnings show its non-AI “core infrastructure business” is booming, with consumer productivity software revenue up 20%, its best uptick in years
Asa Fitch / Wall Street Journal :
Microsoft Q4: Windows OEM and Devices revenue up 3% YoY, gaming revenue up 10%, Xbox hardware revenue down 22%, and Xbox content and services revenue up 13%
that's a record Chris Kerr / Game Developer : Microsoft becomes PlayStation's top publisher and annual Xbox Game Pass revenue nears $5 billion Jesse ‘Doncabesa’ Norris / XboxEra : Headlines for July 3...
IBM reports Q2 revenue up 8% YoY to $16.98B, vs. $16.59B est., and software revenue up 10% YoY to $7.39B, vs. $7.49B est.; IBM drops 5%+
Brody Ford / Bloomberg :
Broadcom reports Q4 revenue up 51% YoY to $14.05B vs. $14.09B est., FY 2024 AI revenue up 220%, expects Q1 revenue just above est.; AVGO jumps 10%+ after hours
Broadcom CEO: ALL THREE of his major hyperscaler customers are going to building 1 million AI accelerator clusters across a single fabric by fiscal 2027 — lol X: @economyapp : $AVGO Broadcom Q4 FY24...
Sources: xAI discussed a deal that would give Tesla access to its AI models to help power Full Self-Driving in exchange for a share of Tesla's software revenue
Under a proposed arrangement, the startup would give Tesla access to its AI technology in exchange for a slice of the carmaker's software revenue
IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5%+
Jordan Novet / CNBC :
IBM reports Q4 revenue up 4% YoY to $17.38B, vs. $17.30B est., software revenue up 3% YoY to $7.51B, and net income of $3.29B, up from $2.71B YoY; IBM jumps 8%+
Jordan Novet / CNBC :
IBM Q3: revenue up 5% YoY to $14.75B, vs. $14.73B est., a $1.7B net income, vs. a $3.2B net loss YoY, and software revenue up 8% YoY to $6.27B, vs. $6.27B est.
IBM reports Q1 revenue up 0.4% YoY to $14.25B, vs. $14.35B est., net income up 26% YoY to $927M, and software revenue up 2.6% YoY to $5.92B, vs. $5.83B est.
Jordan Novet / CNBC :
A look at Otonomo and Wejo, two struggling startups working to monetize connected car data; Otonomo to merge with roadside assistance tech provider Urgently
Auto companies promising billions in new software revenue by the end of the decade have been hiring engineers left and right …