Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Release time：2024-05-21 16:16:28 Source：Culture Compass 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.
Related articles
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Gunnar Henderson's MLB
- Ramos homers, Hicks earns 4th win as Giants beat Rockies 4
- Healey's goal in 2nd period gives Boston 4
- Cruise worker 'murders newborn son on board ship': Shocked co
- Disputed penalty in final minutes gives Whitecaps a 1
- Pogacar leads Giro by nearly 7 minutes after stunning win in Queen stage
- Japanese authorities urge caution after wild bears attack several people in the northeast
- Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
- Yankees win 7th in a row, beat White Sox 7
- Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
- Cardinals rookie Marvin Harrison Jr. sued by apparel manufacturer Fanatics for breach of contract
- Gantz threatens to quit Israel's government over Gaza war strategy
- Tens of thousands protest against Mexico's president in the main square of Mexico City
- Ricky Stenhouse punching Kyle Busch could lead to suspension
- Q&A: Kevin Costner on unveiling his Western saga 'Horizon' at Cannes
- Xander Schauffele wins first major at PGA Championship in a thriller at Valhalla
- Man acquitted in 2016 killing of pregnant woman and her boyfriend at a Topeka apartment
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Arsenal gets late winner against Everton but has to settle for second place in Premier League
Random recommendation