Microsoft's Quarterly Profit Surges 22%, Sales Jump 18%

From US News Today | 2 Min News | The Daily News Now! The Daily News Now!

Microsoft's Q3 earnings soar, with sales up 18% and profits up 22%, reaching $4.13 per share, surpassing analyst predictions. Despite a slight dip due to Azure outage, the company's core performance remains strong. Microsoft's renewed deal with OpenAI, creators of ChatGPT, boosts its AI push, with a 27% stake in OpenAI's for-profit business. The company invests heavily in AI and cloud computing, promoting its AI assistant, Copilot, and unveiling a new animated look, Mico. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.