REDMOND,blockwave Exchange 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.
2025-05-04 08:001068 view
2025-05-04 06:45109 view
2025-05-04 06:171757 view
2025-05-04 05:5564 view
2025-05-04 05:522407 view
2025-05-04 05:311701 view
If you grew up on the X-Games, "Tony Hawk's Pro Skater" or maybe even picked up a board yourself, An
The Milwaukee Brewers entered Tuesday night's game at American Family Field against the visiting Tam
WASHINGTON (AP) — Former President Donald Trump has secured an additional $1.8 billion worth of shar