blockwave Exchange-Microsoft’s cloud business powers 10% growth in quarterly profits

2025-05-06 18:03:25source:TradeEdge Exchangecategory:Markets

REDMOND,blockwave 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:Markets

Recommend

House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat

WASHINGTON (AP) — What was once a bipartisan effort to expand by 66 the number of federal district j

D’Angelo Russell scores 44 points in LeBron-less Lakers’ stunning 123-122 win over Bucks

LOS ANGELES (AP) — D’Angelo Russell scored 21 of his season-high 44 points in the fourth quarter and

Can Carbon Offsets Save a Fragile Band of Belize’s Tropical Rainforest?

GALLON JUG, Belize — Deep in a jungle in northern Belize, Elma Kay stood at the base of a rare, anci