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Microsoft Says Supply Woes to Continue for Xbox, Sees Cloud Business Growth

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3 years ago

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Microsoft Says Supply Woes to Continue for Xbox, Sees Cloud Business Growth

Microsoft predicted on Tuesday that due to the booming cloud business, the calendar year will usher in a strong end, but said that supply chain difficulties will continue to plague key departments, such as the production of Surface laptops and Xbox game consoles.

The company’s first quarter ended September 30 exceeded Wall Street expectations, and demand for the software giant’s cloud-based services caused by the pandemic drove sales. According to Visible Alpha’s consensus data, the company’s flagship cloud computing business Azure’s revenue growth in the first quarter was 48% at a constant exchange rate, exceeding analysts’ expectations of 47.5%. Amy Hood, Microsoft’s executive vice president and chief financial officer, said the company also expects the division to achieve “broad growth” in the second fiscal quarter.

Azure’s growth rate is the best direct measure of competition with competitors such as AWS and Google Cloud, because Microsoft does not separate revenue from the cloud computing division.

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News Source : The Hindu

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

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2 months ago

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November 6, 2024

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

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Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

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On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

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