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International Business Times
International Business Times
Business

Microsoft Quarterly Profits Soar On AI And Cloud Growth

Microsoft Satya Nadella Artificial Intelligence Dan Ives
Microsoft chief executive Satya Nadella says that companies of all kinds are adopting artificial intelligence tools and the US tech giant is working to meet their needs (Credit: AFP)

Technology giant Microsoft on Wednesday said its profit soared above expectations in the recently ended quarter, driven by its cloud computing and artificial intelligence (AI) units.

Microsoft reported profit of $27.2 billion on revenue of $76.4 billion, some $29.9 billion of which was brought in by its Intelligent Cloud business.

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