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
The Redmond, Washington-based software maker posted revenue of $61.86 billion in the period, its third fiscal quarter, up 17% from the same period a year ago. Analysts polled by FactSet expected Microsoft to post revenue of $60.86 billion for the quarter. Gartner analyst Jason Wong said many of Microsoft’s customers have shown a strong interest in giving generative AI a try but don’t all have a solid plan for a practical use that justifies the cost.Microsoft invests $1.5 billion in AI firm G42, overseen by UAE’s national security adviserin business partner OpenAI, the maker of ChatGPT.