October 25, 2023 04:18 am | Updated 04:18 am IST – REDMOND, Wash.
The Microsoft emblem.
| Photo Credit: REUTERS
Microsoft on Tuesday reported a 27% improve in revenue for the July-September quarter in comparison with the identical time final 12 months, powered by development in its cloud computing division the place it has centered its investments in synthetic intelligence.
The firm reported quarterly internet earnings of $22.29 billion, or $2.99 per share, which beat Wall Street expectations.
The Redmond, Washington-based software program maker posted revenue of $56.52 billion within the quarter, up 13% from final 12 months, additionally beating expectations.
Analysts polled by FactSet Research anticipated Microsoft to earn $2.65 per share on revenue of $54.52 billion. Analysts are presently projecting Microsoft will produce revenue of $58.67 billion for the October-December quarter.
CEO Satya Nadella stated in a ready assertion that the software program firm is “rapidly infusing AI across every layer of the tech stack” to drive productiveness good points for purchasers.
