( ) -q-23- UNDATED (Correspondent Jeremy House) “from last year.” Microsoft says that its profit for the October-to-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. [CutID: <Cuts> MICROSOFT-PROFIT-house-q-WEDam.mp3 Time: 23s Title: MICROSOFT-PROFIT-house-q-WEDam Out-cue: from last year] TAG: Correspondent Jeremy House reporting. Analysts polled by FactSet Research expected Microsoft post revenue […]
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Microsoft profit soars 33% on AI, cloud-computing investments
( ) -q-23- UNDATED (Correspondent Jeremy House) “from last year.”
Microsoft says that its profit for the October-to-December quarter soared 33%, powered by its significant investments in artificial intelligence technology.
[CutID: <Cuts> MICROSOFT-PROFIT-house-q-WEDam.mp3
Time: 23s
Title: MICROSOFT-PROFIT-house-q-WEDam
Out-cue: from last year]
TAG: Correspondent Jeremy House reporting. Analysts polled by FactSet Research expected Microsoft post revenue of $61.14 billion.
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VERBATIM: The increase was attributable in large part to growth in the company’s cloud-computing unit, where Microsoft focuses most of its AI investments. The company reported net income for the quarter of $21.87 billion. The Redmond, Washington, software maker posted revenue of $62.02 billion in the quarter, up 18% from last year.