Tech

Microsoft says quarterly profits up 18% as it weathers tech sector turbulence with cloud growth

Microsoft on Wednesday said its profits rose 18% for the January-March quarter, driven by its growth in its cloud computing and artificial intelligence business in a turbulent time for the tech sector. The company reported quarterly net income of $25.8...

REDMOND, Wash. (AP) — Microsoft's cloud computing and artificial intelligence business helped deliver $70.1 billion in sales and boosted profits by 18% for the January-March quarter, a dose of relief for investors during a turbulent time for the tech sector and U.

S. economy. The company reported quarterly net income of $25.

8 billion, or $3.46 per share, beating Wall Street expectations for earnings of $3.22 a share.

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