Third quarter revenue rose 17% to €57.7 billion, pushing shares up about 6% in late trading
Microsoft ’s quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker’s cloud and artificial intelligence offerings.
Chief executive Satya Nadella has been infusing Microsoft’s entire product line with AI technology from partner OpenAI. The bet is starting to pay off, with some customers adding AI tools that summarise documents, generate new content to their Office productivity software or Azure cloud subscriptions, or buying more cloud services that enable them to build and run their own AI applications.
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