Microsoft reports $20.1B quarterly profit as it promises to lead "the new AI platform shift"
Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share
By AP News
Published - Jul 25, 2023, 04:15 PM ET
Last Updated - Jul 25, 2023, 04:15 PM EDT
REDMOND, Wash. (AP) — Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share.
It posted revenue of $56.2 billion in the April-June period, up 8% from last year. Analysts had been looking for revenue of $55.49 billion, according to FactSet Research.
CEO Satya Nadella said the company remains focused on “leading the new AI platform shift.”
