Microsoft quarterly results saved by cloud computing

23 Sept 01:51 Key points summarised by AI

Microsoft's Q4 2022 financial results showed a significant slowdown, with sales rising only two percent and net profit dropping 12 percent, prompting 10,000 layoffs.
The company's "intelligent cloud" business, encompassing servers, data analytics, and the Azure platform, was the strongest performer, generating $21.5 billion (up 18%) and offsetting declines in other segments.
Despite the overall slump, the robust performance of its cloud computing division helped Microsoft's results meet or exceed market expectations, leading to a more than four percent increase in its share price.

Macron condemns those who 'sought to bring down the Republic' after rioting mars nationwide protests

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.