REDMOND,SignalHub 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.
2025-05-03 01:401882 view
2025-05-03 01:292203 view
2025-05-03 01:001175 view
2025-05-03 00:25603 view
2025-05-03 00:241598 view
2025-05-02 23:581812 view
San Francisco airport creates sensory room to help nervous flyers San Francisco airport creates sens
Health officials investigating lead-contaminated cinnamon applesauce pouches recalled in October say
Michael Penix Jr. won games at Indiana, and if you stopped there that'd be enough to qualify him for