REDMOND,Quaxs Trading Center 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 13:2275 view
2025-05-07 12:561925 view
2025-05-07 12:121336 view
2025-05-07 12:101598 view
2025-05-07 11:581107 view
2025-05-07 11:261410 view
WASHINGTON (AP) — Americans stepped up their spending at retailers last month by the most in a year
Iran and the United States have previously identified eight of the 10 prisoners in an exchange Monda
LaFAYETTE, Ala. — Charity Hodge had mixed feelings when she spotted a Facebook post announcing that