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Microsoft brought in $61.9 billion in revenue for its fiscal third quarter of 2024, which ended on March 31, 2024. Those numbers were up 17 percent from the same time period a year ago.
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.