Microsoft reported strong quarterly profits and revenue growth, led by its cloud and productivity segments.

Microsoft reported a 10% increase in quarterly profits to $24.1 billion, with revenue up 12% to $69.6 billion, exceeding expectations. The cloud-focused business grew 19% to $25.5 billion, while the productivity segment, including Office, increased 14% to $29.4 billion. Despite overall success, the cloud computing business slightly missed projections. Microsoft plans to spend $80 billion on expanding AI and cloud infrastructure.

2 months ago
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