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Tag: microsoft cloud for financial services

  • Microsoft deploys OpenAI in Azure cloud platform | Bank Automation News

    Microsoft deploys OpenAI in Azure cloud platform | Bank Automation News

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    Microsoft’s cloud commercial business drove earnings during its fiscal third quarter with the news that OpenAI’s technology is being deployed across Microsoft’s Azure products.  WHY IT MATTERS: The $380 billion company posted a 22% year-over-year increase in cloud revenues to $28.5 billion as Microsoft invested in the use of generative AI within its cloud offerings, […]

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    Brian Stone

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  • Microsoft Cloud drives tech giant’s revenue | Bank Automation News

    Microsoft Cloud drives tech giant’s revenue | Bank Automation News

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    Microsoft posted increased revenue year over year in its fiscal second quarter driven by its commercial business, specifically Microsoft Cloud. WHY IT MATTERS: In the first half of fiscal 2023, more than 70% of revenue came from commercial business, and over 70% of the commercial business derived from Microsoft Cloud, Chief Financial Officer Amy Hood […]

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    Whitney McDonald

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