Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Release time：2024-05-08 19:05:05 Source：Stellar Space news portal
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：Wisconsin Republicans launch audit of state government diversity efforts
- Next：Iran and the UN nuclear agency are still discussing how to implement a 2023 deal on inspections
Related articles
- Hubei vows to boost high
- Prue Leith's recipe for seeing red... her husband's online shopping habit!
- Rivalries on tap with Barcelona
- More human remains believed those of missing woman wash up on beach
- Blackhawks re
- Old mill where nursery rhyme Humpty Dumpty is said to have originated could be yours for £650,000
- Biden administration moves to make conservation an equal to industry on US lands
- 4/20 grew from humble roots to marijuana's high holiday
- Biden revives effort to lower costs of caregiving for families
- Hannah Waddingham reflects on end of Ted Lasso and friendship with Jason Sudeikis
- Biden hosts Romanian leader at the White House to celebrate NATO partnership
- Japanese doctors demand damages from Google over "groundless" reviews
- JANET STREET
- Lenny Kravitz, 59, left Rita Moreno, 92, so giddy when they met that she 'nearly peed my britches'
- Ben Affleck did NOT get plastic surgery ahead of Tom Brady's Netflix roast
- Scientists uncover missing link between junk food and cancer
- Millie Bobby Brown, 20, goes make
- Brazil's president calls for IMF reform to reflect today's world
- China's interbank treasury bond index opens higher Monday
- Netflix adaptation of The Talented Mr. Ripley fuels tourism to tiny Italian town
Random recommendation
- Copyright © 2024 Powered by Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products ,Stellar Space news portal sitemap