Microsoft’s cloud business powers 10% growth in quarterly profits

2025-01-12 15:37:02 source:lotradecoin top token listings category:Contact

REDMOND, 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.

More:Contact

Recommend

Singaporean killed in Johor expressway crash had just paid mum a surprise visit in Genting

The 21-year-old woman who died in a motorcycle crash in Johor on Tuesday (Dec 10) had just surprised

'Sleeping giant' no more: Ravens assert contender status with rout of Lions

When your name is Lamar Jackson and you’ve thrown for a season-high 357 yards, your offense has prod

Diana Nyad marks anniversary of epic Cuba-Florida swim, freeing rehabilitated sea turtle in the Keys

KEY WEST, Fla. (AP) — A decade after swimming the treacherous passage from Cuba to Key West, Diana N