Microsoft Q3 Results: Company basks in AI glory
Fri, Apr 26, 2024 8:51 AM

Microsoft Q3 Results: Company basks in AI glory

A Flip by Shubhangi Gupta
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Microsoft Corp. announced on April 25 that its third-quarter revenue soared to $61.9 billion, marking a 17% increase, and profits reached $2.94 per share, exceeding the average analyst estimates of $2.83 on sales of $60.9 billion as of March 31. The results, driven by robust corporate demand for its cloud and AI offerings, sparked a late trading surge in shares, as per Bloomberg.

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