Devin Grosvenor|Microsoft’s cloud business powers 10% growth in quarterly profits

2025-05-06 08:32:56source:Desmond Prestoncategory:My

REDMOND,Devin Grosvenor 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:My

Recommend

San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo

SAN FRANCISCO (AP) — A photojournalist who captured one of the most enduring images of World War II

Shohei Ohtani's interpreter Ippei Mizuhara charged with stealing $16 million from MLB star

Federal authorities charged the former interpreter for Los Angeles Dodgers star Shohei Ohtani with b

Who won the $1.3 billion Powerball jackpot in Oregon? We might know soon. Here's why.

After an hours-delayed drawing for the $1.326 billion Powerball jackpot on April 6, a winning ticket