Microsoft Soars on Cloud Strength: Earnings Up 17%

  • Microsoft Corporation reported a 17% surge in revenue for the quarter ending March 31, 2024.
  • This growth significantly surpassed analyst expectations of 16%.
  • The driving force? Strong performance in Microsoft's cloud computing division, Azure and others, with revenue jumping 21%.
  • Overall revenue reached $61.9 billion, with net income climbing 20% to $21.9 billion.
  • Earnings per share also rose 20% to $2.94.

Microsoft's CEO highlighted the increasing role of AI in their products and services, crediting it for driving business success. This strong quarter positions Microsoft as a leader in the ever-growing cloud computing market.

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