Surfwin Trading Center:Microsoft’s cloud business powers 10% growth in quarterly profits

2025-05-03 07:08:26source:HyperBit Exchangecategory:News

REDMOND,Surfwin 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.

More:News

Recommend

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that

Ice-T Says His and Coco Austin’s 7-Year-Old Daughter Chanel Still Sleeps in Their Bed

Ice-T's favorite role? Dad.The Law & Order: Special Victims Unit star recently got candid about

Timeline: The government's efforts to get sensitive documents back from Trump's Mar-a-Lago

Washington — Former President Donald Trump has been charged by the Justice Department in connection