Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Time:2024-04-27 08:19:09 Source:businessViews(143)
Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive.
The company reported quarterly net income of $21.93 billion, or $2.94 per share, beating Wall Street expectations for earnings of $2.82 a share.
The Redmond, Washington-based software maker posted revenue of $61.86 billion in the period, its third fiscal quarter, up 17% from the same period a year ago. Analysts polled by FactSet expected Microsoft to post revenue of $60.86 billion for the quarter.
Microsoft doesn’t spell out how much money it makes from AI products, including its flagship Copilot chatbot that can compose documents, write code or generate images. But it has infused the technology into its main lines of business, such as cloud computing contracts and subscriptions for its email and other online services.
Previous:A ban in Kansas on gender
Next:Bayern Munich signals decision is near on new coach to replace Thomas Tuchel
You may also like
- President Biden says he's 'happy to debate' Trump: Election 2024
- Hamilton mayor's Anzac trip to Belgium criticised amid massive rates rise
- RNZ's brand new current affairs show: 30 with Guyon Espiner
- Coronavirus outbreak joins just five other public health emergencies from history
- Baby Reindeer actress Nava Mau, who plays Richard Gadd's transgender ex
- Raising height of Speedway fences to be considered in crash investigation
- Coalition talks: No more face to face meetings this weekend
- New Climate Change Minister Simon Watts not expecting criticism at COP28 over fossil fuels U
- Online retailer Shein is latest to face strict European Union digital regulations