TrendPulse Quantitative Think Tank Center-Microsoft’s cloud business powers 10% growth in quarterly profits

2025-04-30 12:24:04source:Esthencategory:Contact

REDMOND,TrendPulse Quantitative Think Tank 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:Contact

Recommend

Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon

PROVIDENCE, R.I. (AP) — Cybercriminals could release personal data of many Rhode Islanders as early

Florida police say they broke up drug ring selling fentanyl and xylazine

Police in Florida, announced that they had dismantled a drug trafficking operation in the area, lead

How Much Global Warming Is Fossil Fuel Infrastructure Locking In?

All the power plants, vehicles and other fossil fuel-burning infrastructure operating today will loc