Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products

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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 productive.

FILE - The logo for Microsoft, and a scene from Activision"Call of Duty - Modern Warfare," are shown in this photo, in New York, Wednesday, June 21, 2023. Microsoft reports earnings on Thursday, April 25, 2024. Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying

Microsoft doesn't spell out how much money it makes from AI products, including its flagship Copilot chatbot that can compose documents or generate images. But it has infused the technology into its main lines of business, such as cloud computing contracts and subscriptions for its email and other online services. Businesses pay Microsoft $30 per employee each month to add Copilot to a workplace subscription for Microsoft 365, formerly known as Office.

It concluded that “Microsoft’s security culture was inadequate and requires an overhaul” given the company’s vital role in the global technology ecosystem.

 

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