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Microsoft reports $45.2B in quarterly capital spending, below its projection

Microsoft reported first-quarter capital expenditures of $45.2B, up from $34.9B a year earlier but below its own $50B projection, Reuters reported. Free cash flow reached $18.6B, compared with analysts' $8.54B estimate. The company also surpassed expectations for quarterly cloud revenue. Its reported capital spending increased year over year while falling short of the amount it had projected.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Products Infrastructure
Products Infrastructure

Oracle pledges $20B financing limit through fiscal 2030

Oracle pledged to limit new financing to $20B through fiscal 2030 as it builds more cloud capacity, Reuters reported. The company expects capital spending to peak this fiscal year and next.