Revenue rose 17 per cent to $61.9-billion in the quarter ended March
beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products.
Shares of the Redmond, Washington-based company gained 5% after the bell. The stock has soared on Microsoft shipping genAI tools based on its strategic partnership with ChatGPT creator OpenAI and also helped it capture the world’s most valuable company crown from Apple earlier this year.
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