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

2025-05-03 02:06:50source:FinLogiccategory: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

As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest

CONECUH COUNTY, Ala.—At the confluence of the Yellow River and Pond Creek in Alabama’s Conecuh Natio

Robin Thicke's Fiancée April Love Geary Fires Back at Haters Who Criticize Her Photos

April Love Geary has plenty to say to those who try to shame her for posting thirst traps.Robin Thic

Kylie Jenner Sets Record Straight on Plastic Surgery Misconceptions

Kylie Jenner is realizing things about self-confidence.The Kylie Cosmetics mogul got candid about ch