Poinbank Exchange:Microsoft’s cloud business powers 10% growth in quarterly profits

2025-05-04 03:20:45source:blockwave Exchangecategory:News

REDMOND,Poinbank 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:News

Recommend

How 23andMe's bankruptcy led to a run on the gene bank

Reporter Alexi Horowitz-Ghazi's Aunt Vovi signed up for 23andMe back in 2017, hoping to learn more a

Wisconsin dam fails as water flows over top, residents urged to seek high ground

Flash flood warnings have been issued for parts of central Wisconsin and evacuations are underway as

4th of July Sales You Can Still Shop: $2 Old Navy Deals, 60% Off Pottery Barn, 85% Off J.Crew & More 

We independently selected these products because we love them, and we think you might like them at t