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

2025-05-04 21:55:47source:Liberalalliance Wealth Societycategory:Stocks

REDMOND,GravityX 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:Stocks

Recommend

Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class

Now wouldn’t this be a treat: Bill Belichick and Robert Kraft back together...as members of the Pro

Romanian gymnast could replace Jordan Chiles as bronze medalist in floor exercise after court ruling

Follow along for the latest updates from today’s Olympic action, including the gold medal men’s bask

US Coast Guard Academy works to change its culture following sexual abuse and harassment scandal

NEW LONDON, Conn. (AP) — The grueling basic training for fledgling cadets at the U.S. Coast Guard Ac