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

2025-04-29 15:02:36source:BlueRock Horizon Asset Managementcategory:Contact

REDMOND,Poinbank 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:Contact

Recommend

Maryland’s Climate Ambitions in Question After Turbulent Legislative Session

Environmental leaders in Maryland are reeling from a challenging 2025 legislative session that left

Welcome to the week of peak Taylor Swift, from the Grammys to Tokyo shows to the Super Bowl

LOS ANGELES (AP) — She’s everywhere, and the world is merely her backup band.This is Taylor Swift’s

Teachers’ union-backed group suing to stop tax money for A’s stadium plan in Las Vegas

LAS VEGAS (AP) — A teachers’ union political group has filed a second legal effort seeking to block