Connect with us

Hi, what are you looking for?

COMMERCE

Microsoft reports boost in profits, revenue, as it pushes AI

REDMOND, Wash. (Net) — Microsoft on Tuesday reported a 9% increase in profit for the January-March quarter, as growth in cloud computing sales helped bolster its plans to expand its use of artificial intelligence.
The company reported quarterly profit of $18.3 billion, or $2.45 per share, beating Wall Street expectations for earnings of $2.24 a share.
The software maker posted revenue of $52.9 billion in the period, its third fiscal quarter, up 7% from the same period a year ago. Analysts polled by FactSet expected Microsoft to post revenue of $51.02 billion for the quarter.
The quarter marked an ambitious push by Microsoft to capitalize on its investments in artificial intelligence and close partnership with San Francisco-based startup OpenAI with the February release of a new AI chatbot feature on its search engine Bing.
Microsoft is also integrating similar AI tools into the cloud computing and software products it sells to big businesses and organizations, though it’s not immediately apparent to what extent the AI features are playing a role in overall sales.
Microsoft’s personal computing business, centered on its Windows software, was widely expected to continue a deterioration that began last year due to economic uncertainties and crimped demand. Quarterly sales from that segment dropped 9% to $13.3 billion, the company said Tuesday.
Making up for that decline was a 16% increase in revenue from Microsoft’s cloud-based business segment, to $22.1 billion for the quarter. Revenue also grew 11% to $17.5 billion from Microsoft’s productivity software segment centered around its Office suite of workplace products such as email.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

FRONTPAGE

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Business

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat.

FRONTPAGE

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

FRONTPAGE

Staff Reporter: Members of Border Guard Bangladesh (BGB) in separate drives seized 2.60 lakh yaba pills and 1.05 kg of crystal meth in Teknaf...

Copyright © 2023 The Good Morning. All Rights Reserved.
Editor and Publisher: Enayet Hossain Khan
70, Pioneer Road, Kakrail, Dhaka- 1000, Bangladesh.
Phone: +88-01711424112, +88-01847255828
Email: dailygoodmorning@yahoo.com, thegoodmorningbd@gmail.com
Designed & Maintained By TECHIENET SOFTWARE ltd.