Microsoft shares are rising by around three percent in after-hours trading following a fourth-quarter earnings report that exceeded analysts' expectations. (Archive photo). Photo: Gonzalo Fuentes/Reuters
Cloud and AI bets lift Microsoft’s quarterly results
American tech giant Microsoft surpassed analysts’ expectations in Wednesday’s fourth-quarter earnings report. Total revenue reached $90 billion against an expected $87.7 billion, largely driven by a 43 percent growth in the Azure cloud platform.
The company’s net profit reached $31.5 billion...
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