Analysts polled by FactSet Research had been looking for revenue of $55.49 billion.ĬEO Satya Nadella said the company remains focused on “leading the new AI platform shift,” though its push to add AI features to its existing products - among them cloud computing services, workplace software and its Bing search engine - are not yet making an obvious mark on its financial results. It posted revenue of $56.2 billion in the April-June period, up 8% from last year. The software giant said its fiscal fourth-quarter profit was $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share.
Microsoft reported a 20% spike in quarterly profits Tuesday, helping to fuel its battle to get ahead of rivals like Google, Amazon and Facebook parent Meta in selling the latest artificial intelligence technology.
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