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Meta beats expectations sending share price soaring
Meta beats expectations sending share price soaring
Business and Economy
by  AFP

Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22 percent year-over-year to $47.5 billion as the social media giant continues investing heavily in artificial intelligence. The results exceeded Wall Street expectations as advertising revenue climbed a stellar 21 percent to $46.6 billion.

Microsoft quarterly profits soar on AI and cloud growth
Microsoft quarterly profits soar on AI and cloud growth
Business and Economy
by  AFP

Technology giant Microsoft on Wednesday said its profit soared above expectations in the recently ended quarter, driven by its cloud computing and artificial intelligence (AI) units. Microsoft was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry.

Airbus first-half profit climbs 85% to $1.7 bn
Airbus first-half profit climbs 85% to $1.7 bn
Business and Economy
by  AFP

European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year. The jump in profits to 1.5 billion euros came a year after Airbus reported a 46-percent slump in earnings for the first half of 2024.