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Technology: Microsoft approves a new share buy-back program

17/09/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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This Monday, September 16, 2024, the géant de la technologie Microsoft said that its board of directors has approved a new share repurchase program of

up to $60 billion.

Microsoft declared a quarterly dividend of $0.83 per share representing an increase of 8 cents, or 10%, over the previous quarter. In July, the company said it would spend more this fiscal year on AI infrastructure. She reported a 77.6% increase in capital spending in the quarter ended June 30, largely due to AI-related spending. Microsoft is one of the few large companies to present the contributions of AI in its quarterly results, while most businesses have yet to benefit from a large increase in AI investments

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