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

2025-05-05 22:20:56source:EAI Community category:Scams

REDMOND,Rekubit 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.

More:Scams

Recommend

In Montana, Republican State Legislators Fight Back After Successful Youth Climate Lawsuit

In the wake of a high-profile court decision that upended the state of Montana’s climate policy, Rep

Duck Dynasty's Missy and Jase Robertson Ask for Prayers for Daughter Mia During 16th Surgery

The Robertsons are continuing to share insight into Mia Robertson's health journey.Duck Dynasty alum

Haunting Secrets About The Blair Witch Project: Hungry Actors, Nauseous Audiences & Those Rocks

In 1997, two directors and three unknown actors disappeared into the woods, toting handheld cameras