Microsoft and Meta report strong quarterly earnings

Maria Sandu

CALIFORNIA Technology giant Microsoft ’s profit soared above expectations in the recently ended quarter, driven by its cloud computing and artificial intelligence ( AI ) units. Microsoft reported profit of $27.2 billion on revenue of $76.4 billion, some $29.9 billion of which was brought in by its Intelligent Cloud business. Microsoft's Azure cloud computing offerings brought in more than $75 billion for the company's fiscal year, which ended on June 30, in an increase of 34 percent from the

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