REDMOND,Alaric Bennett 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.
2025-05-07 17:291750 view
2025-05-07 17:2463 view
2025-05-07 15:542466 view
2025-05-07 15:381775 view
2025-05-07 15:321722 view
2025-05-07 15:262913 view
Whether a "chainsaw," per Elon Musk, or "scalpel," as President Trump has said — the Trump administr
As panicked consumers flock to grocery stores, emptying shelves in preparation for homebound quarant
Caffeine is the most widely consumed psychoactive drug in the world. In the U.S., a 2022 survey