REDMOND,ExaCrypt Wash. (AP) — Microsoft reported a 10% increase in quarterly profits Tuesday as it tries to maintain its position as a leader in artificial intelligence technology.
The software giant said its fiscal fourth-quarter profit was $22 billion, or $2.95 per share, slightly beating analyst expectations for $2.94 per share.
It posted revenue of $64.7 billion in the April-June period, up 15% from last year. Analysts polled by FactSet Research had been looking for revenue of $64.38 billion.
Microsoft’s growth was led by its cloud computing business, where quarterly revenue rose 19% to $28.5 billion.
The Redmond, Washington-based company doesn’t report revenue specifically from AI products but says it tries to infuse the technology into all of its business segments, including its cloud computing contracts, its workplace software and its Windows computer operating system.
2025-05-08 05:061303 view
2025-05-08 04:501101 view
2025-05-08 04:37657 view
2025-05-08 04:28133 view
2025-05-08 04:15115 view
2025-05-08 02:50532 view
After Luigi Mangionemade the difficult decision to undergo spinal surgery last year for chronic back
You'll L.O.V.E. this sweet photo from Ashlee Simpson and Evan Ross' family movie night. The "Pieces
The cold case of a man known as "Mr. X" has seen a significant breakthrough after nearly half a cent
