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SAN FRANCISCO, April 25 (Xinhua) -- Microsoft posted on Thursday its revenue of 61.9 billion U.S. dollars for the third quarter of the 2024 fiscal year ending March 31, up 17 percent from the same period last year.
Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares...
Robust Cloud Growth and AI Innovations Propel Earnings Beyond Expectations
Revenue rose 17 per cent to $61.9-billion in the quarter ended March
(Reuters) -Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade. Executives forecast ranges for current quarter cloud revenue that were mostly above Wall Street targets. The rise in Microsoft shares after the bell lifted the company's stock market value by $128 billion as profit and revenue growth overshadowed its higher-than-expected capital expenditures.