Microsoft cloud business holds up
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 25 January 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Growth in Microsoft’s cloud computing business slowed further in the latest quarter but still did better than the software company and many analysts had predicted, the Qatar Investment Authority has doubled its stake in Credit Suisse, and Chris Hipkins has been sworn in as New Zealand’s next prime minister, replacing Jacinda Ardern.
Mentioned in this podcast:
Qatar Investment Authority doubles stake in Credit Suisse
‘Mr Fixit’ replaces Jacinda Ardern as New Zealand’s prime minister
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.9 | Good morning from the Financial Times. Today is Wednesday, January 25th, |
| 0:13.6 | and this is your FT News Briefing. |
| 0:19.4 | Microsoft earnings were saved by the cloud. |
| 0:22.4 | Credit Swiss is getting more investment from the Middle East, |
| 0:25.7 | and New Zealand has a new Prime Minister. |
| 0:28.8 | It doesn't quite have the star power that Jacinda had done, |
| 0:32.0 | but it can just not as more of a sort of miss the fixing. |
| 0:35.6 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:48.7 | Microsoft's cloud computing business slowed in the last quarter again, |
| 0:53.0 | but it held up better than expected. |
| 0:54.9 | The company was out with quarterly earnings yesterday, |
| 0:57.4 | results from its critical Azure cloud business helped shares |
| 1:01.2 | pop in after hours trading. |
| 1:03.3 | Microsoft is the first of the big US tech companies to report earnings this year. |
| 1:07.3 | The good news from its cloud business made investors think, |
| 1:10.1 | hey, maybe other cloud businesses can weather this slowing economy too. |
| 1:14.2 | So another big cloud provider, Amazon, saw its shares rally more than 3% |
| 1:19.2 | in after hours trading on Tuesday. |
| 1:21.1 | Cutter's government has doubled its stake in Credit Swiss. |
| 1:29.3 | The Cutter Investment Authority is now the second biggest shareholder |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.