Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Time:2024-04-27 10:08:14 Source:healthViews(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:Athletes tied to Iowa gambling sting seek damages in civil lawsuit against state and investigators
Next:Antiques Roadshow guest receives SHOCKING appraisal after learning the secret history of her grandma
You may also like
- Jurgen Klopp says Arne Slot would take on the 'best job in the world' at Liverpool
- Catch the slingshot
- Missouri's GOP lawmakers vote to kick Planned Parenthood off Medicaid
- The body types that raise the risk of colon cancer
- Terrifying moment gunman, 22, opens fire on Birmingham street packed with bars and pubs
- Carli Lloyd turns diplomat and takes a US message to kids in Greece
- Arizona lands Oakland star forward Trey Townsend out of transfer portal
- Our £600,000 new
- Elite female bodyguards reveal the fascinating secrets of protecting A