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. |
Xi's 'two sessions' messages highlight China's highOlivier Awards 2024: Beaming Sarah Snook reunites with Succession coIsraeli airstrikes kill 19 Palestinians in Gaza: HamasGrimes screams on stage after having 'major technical difficulties' during chaotic set at CoachellaConnor McDavid becomes 4th in NHL history with 100 assists as the Oilers rout the Sharks 9Myanmar junta soldiers surrender in ethnic army’s first Tanintharyi win — Radio Free AsiaEmily Ratajkowski bares her toned tummy in a white tube top as she strolls NYC with her dog ColomboLugo pitches 7 crisp innings as the Royals beat the White Sox 2China launches new remote sensing satelliteInside Drake's decade