Published January 31,2024
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U.S.-based international tech main Microsoft noticed its income leap 18% within the closing quarter of 2023, in accordance with its monetary outcomes assertion launched Tuesday.
Revenue got here in at $62 billion for the three months ended Dec. 31, which the corporate refers to because the second quarter of the 2024 fiscal 12 months.
Net earnings was greater than $21.8 billion, whereas working earnings was $27 billion, each rising 33% in comparison with the identical interval of the earlier 12 months.
“We’ve moved from talking about AI to applying AI at scale,” Chairman and CEO Satya Nadella mentioned within the assertion, referring to synthetic intelligence.
“By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector.”
Amy Hood, government vp and chief monetary officer of Microsoft, mentioned Microsoft Cloud income elevated 24% year-on-year to achieve $33.7 billion within the October-December interval.
Revenue on the firm’s Intelligent Cloud unit was $25.9 billion — a rise of 20%, in accordance with the monetary outcomes.
Microsoft noticed its market worth surpass $3 trillion final Friday and overtook Apple because the world’s most useful public firm by market capitalization.
Its market worth stood at $3.04 trillion after the market shut on Tuesday, whereas Apple’s market cap fell to $2.91 trillion.
Source: www.anews.com.tr
