
Microsoft (MSFT) Shares Slip 3.7% After Hours Following Mixed Q4 2023 Earnings Results
The impressive revenue performance was largely driven by the Microsoft Cloud segment.
Satya Nadella is Chief Executive Officer of Microsoft.
Satya Narayana Nadella is an engineer and Indian American business executive. He is the Chief Executive Officer of Microsoft, succeeding Steve Ballmer in 2014. Before becoming CEO, he was the executive vice president of Microsoft’s cloud and enterprise group, responsible for building and running the company’s computing platforms.
Microsoft
Aug 19th, 1967
American
Bellevue, Washington, United States
Mangalore University, Bachelor’s degree in electrical engineering
University of Wisconsin-Milwaukee, Master’s degree in computer science
Microsoft - CEO
Sun Microsystems - Member of technology staff
The impressive revenue performance was largely driven by the Microsoft Cloud segment.
Microsoft earned a solid 19% increase in operating income, demonstrating its capacity to increase profitability.
In an interview, Nadella said AI is “scary” but “moving fast in the right direction”. He maintains all parties must unite to make it work.
According to Nadella, Microsoft and OpenAI have a shared ambition to advance the research of AI to enable developers and organizations to build on the best AI infrastructure.
In its fiscal Q3 2023 report, Microsoft CFO Amy Hood stressed that the company would continue to prioritize AI-related endeavors.