Microsoft's cloud business takes less time to recover AI investment than expected

July 31, 2024 8:53 AM GMT+9 (some excerpts)

On the 30th, Microsoft indicated a forecast that the rate of increase in sales of the cloud service “Azure” for the first quarter (July-September) will be 28-29% on a basis excluding the effects of exchange rate fluctuations. It fell short of market research firm Visible Alpha's forecast (29.7%).
Also, it was decided that capital investment amounts would increase this fiscal year. It has been shown once again that there is a possibility that it may take time for large investments in artificial intelligence (AI) technology to bring profit.