Microsoft posted a 17% increase in revenue, to $61.9 billion, with $21.9 billion in profits, up 20%, and earnings of $2.94 per share,

Sales of Xbox hardware continue to shrink as the console’s latest iteration enters its fourth year on shelves. Hardware revenue for the Xbox division was down 31% in the most recent quarter due to lower sales. That follows a year-over-year drop of 30% in the same quarter in 2023.

The company shelled out nearly $11 billion for property and equipment in the third quarter — 66% more than it spent in the same period a year ago.

Microsoft has reported that its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more producti

Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade.

Microsoft and Google's parent company both beat Wall Street's Q1 expectations. Their CEOs say that's thanks to AI.

Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services.

Microsoft Corp.’s quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker’s cloud and artificial intelligence offerings.