A Recap of Microsoft 365 Copilot Introduction Event (Video)
Satya Nadella, chairman and CEO of Microsoft, kicked off the introduction with a short but energetic speech. He explained why it is called Copilot, because it will change and bring about a new way of working, which is different from the past experience that artificial intelligence exists as second nature and is easily ignored by us.
This time, Copilot is not just a silent assistant, but an interactive tool that can reshape the way we work and let us do more with fewer tools. Finally, let us be free to rediscover the joy of creation.
Here's a demo video of how your copilot works for you.
Along with other tech giants, $Microsoft(MSFT.US$ contributed to $Nasdaq Composite Index(.IXIC.US$'s surge Thursday with a 4% gain. Year-to-date the Microsoft is up 14%, the IXIC is up about 12% and the SPX is up 3.15% as of the close on March 16, 2023.
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A recap of Microsoft last quarter’s earnings
Key highlights:
Microsoft reported second-quarter revenue of $52.7 billion, missing a Street estimate of $52.97 billion, according to data from Benzinga Pro.
Earnings per share were $2.32 in the second quarter, beating a Street estimate of $2.30.
Revenue for the Productivity and Business Processes segment was $17 billion, up 7% year-over-year. The segment saw Office 365 Commercial revenue growth of 11%.
Microsoft 365 Consumers subscribers totaled 63.2 million at the end of the quarter. Revenue for LinkedIn was up 10% year-over-year in the quarter. Dynamics 365 had revenue growth of 21% year-over-year in the second quarter.
Intelligent Cloud segment revenue was $21.5 billion, up 18% year-over-year in the second quarter. The company reported server products and cloud services revenue up 20% year-over-year, led by Azure revenue growth of 31% year-over-year.
More Personal Computing segment revenue was $14.2 billion in the second quarter, down 19% year-over-year. The segment saw Windows OEM revenue down 39% year-over-year and Xbox revenue down 12% year-over-year. Search and news advertising revenue was up 10% year-over-year in the second quarter.
Along with quarterly earnings, Microsoft shared several comments on the growth of artificial intelligence, which comes after the tech giant made an additional investment into ChatGPT parent OpenAI.
"The next major wave of computing is being born, as the Microsoft Cloud turns the world's most advanced AI models into a new computing platform," Microsoft CEO Satya Nadella said. "We are committed to helping our customers use our platforms and tools to do more with less today and innovate for the future in the new era of AI."
Source: Benzinga
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