Business
Microsoft Profit Jumps 31% as Azure Cloud Sales Surpass $100 Billion
Microsoft MSFT 15.51%increase; up pointing triangle reported robust cloud growth and a boost in the number of paid artificial-intelligence subscribers, as investors remain fixated on whether the tech giant’s data-center spending will pay off.
Microsoft’s revenue rose 18% to $90 billion in the quarter ended in June, a sign that the company’s AI-revenue growth is accelerating and that it will continue to spend on data centers.
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