Current:Home > InvestMicrosoft’s cloud business powers 10% growth in quarterly profits -ProfitPioneers Hub
Microsoft’s cloud business powers 10% growth in quarterly profits
View
Date:2025-04-13 19:14:00
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.
veryGood! (578)
Related
- North Carolina justices rule for restaurants in COVID
- Vanderpump Rules' Ariana Madix Ready to Dip Out of Her and Tom Sandoval's $2 Million Home
- Baltimore Ravens WR Odell Beckham Jr. opens up on future plans, recovery from ACL injury
- Hunter Biden reaches deal to plead guilty to tax charges following federal investigation
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- A woman almost lost thousands to scammers after her email was hacked. How can you protect yourself?
- A Smart Grid Primer: Complex and Costly, but Vital to a Warming World
- Khloe Kardashian Shares Adorable Cousin Crew Photo With True, Dream, Chicago and Psalm
- What to watch: O Jolie night
- Diversity in medicine can save lives. Here's why there aren't more doctors of color
Ranking
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- She was pregnant and had to find $15,000 overnight to save her twins
- The improbable fame of a hijab-wearing teen rapper from a poor neighborhood in Mumbai
- Gerard Piqué Gets Cozy With Girlfriend Clara Chia Marti After Shakira Breakup
- Global Warming Set the Stage for Los Angeles Fires
- Is a 1960 treaty between Pakistan and India killing the mighty Ravi River?
- Here are the U.S. cities where rent is rising the fastest
- Is a 1960 treaty between Pakistan and India killing the mighty Ravi River?
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Hunter Biden reaches deal to plead guilty to tax charges following federal investigation
Amazon has the Apple iPad for one of the lowest prices we've seen right now
Idaho Murders Case: Judge Enters Not Guilty Plea for Bryan Kohberger
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Report: Bills' Nyheim Hines out for season with knee injury suffered on jet ski
Chris Christie: Trump knows he's in trouble in documents case, is his own worst enemy
A woman almost lost thousands to scammers after her email was hacked. How can you protect yourself?