Burley Garcia-Microsoft’s cloud business powers 10% growth in quarterly profits

2025-05-06 23:37:43source:Lakshmi Finance Centercategory:Markets

REDMOND,Burley Garcia 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:Markets

Recommend

Newly elected West Virginia lawmaker arrested and accused of making terroristic threats

CHARLESTON, W.Va. (AP) — A newly elected state lawmaker in West Virginia is facing at least one felo

What is a leap year, and why do they happen? Everything to know about Leap Day

This February will be a little longer than usual. It's a leap year, and in 2024, Leap Day falls on F

Freight train carrying corn derails near Amtrak stop in northeast Nevada, no injuries reported

ELKO, Nev. (AP) — Sixteen railroad freight cars carrying corn derailed early Wednesday under a key r