REDMOND,Michael Schmidt 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.
2025-05-01 09:301248 view
2025-05-01 09:001438 view
2025-05-01 07:591644 view
2025-05-01 07:34535 view
2025-05-01 07:331267 view
2025-05-01 07:26914 view
Listen to an audio version of this story below.Humans have the technology to literally make snow fal
Ex-Nickelodeon producer Dan Schneider is speaking out after accusations of inappropriate and abusive
A hot air balloon crashed into a powerline Wednesday night, sending the balloon floating off for mil