![]() ![]() It capitalized on its multibillion dollar investments in ChatGPT-maker OpenAI to launch a Bing chatbot and similar tools tailored to its business customers. Microsoft was an early mover in this year’s hype around “generative AI” tools that can help people write documents and create new images and other media. Analysts polled by FactSet Research had been looking for revenue of $55.49 billion.ĬEO Satya Nadella said the company remains focused on “leading the new AI platform shift,” though its push to add AI features to its existing products - among them cloud computing services, workplace software and its Bing search engine - are not yet making an obvious mark on its financial results. It posted revenue of $56.2 billion in the April-June period, up 8% from last year. The software giant said its fiscal fourth-quarter profit was $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share. Microsoft reported a 20% spike in quarterly profits Tuesday, helping to fuel its battle to get ahead of rivals like Google, Amazon and Facebook parent Meta in selling the latest artificial intelligence technology.
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