Microsoft earnings jumped 17% on cloud boost, AI
The Hindu
Other Microsoft products like Office, for commercial and consumer, LinkedIn, Intelligent Cloud, Windows, and Xbox content and services added to the rise in earnings.
Microsoft’s revenue rose 17% to $61.9 billion for the March ending quarter on its cloud boost, some significant deals for the platform, and the wide selection of AI accelerators it offered. Earnings per share was $2.94, representing a rise of 20%
“The number of 100 million dollar-plus Azure deals increased over 80% year-over-year, while the number of 10 million dollar-plus deals more than doubled,” CEO Satya Nadella said.
Other prominent products like Office, for commercial and consumer, LinkedIn, Intelligent Cloud, Windows, and Xbox content and services added to the rise in earnings.
But the company’s devices unit reported a decline in revenue by 17%.
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