AI Investments Help Microsoft Revenues Exceed Quarterly Expectations
Microsoft is currently the biggest public company worldwide, with a stock market value of approximately $3 trillion. Its latest financial results show that profits greatly surpassed quarterly expectations. During the first three months of this year, Microsoft’s total revenue reached $61.6 billion, which represents a 17% increase. This exceeds the expectations of analysts on Wall Street, who projected revenue growing to $60.8 billion. The company’s earnings per share also hit $2.94, a 20% increase. This is slightly higher than the $2.83 figure projected by analysts. As of last week, shares in the group had also risen 4%. Over the last…