Tech

Microsoft sales top estimates as AI drives progress

Satya Nadella, the Microsoft chief executive, has pledged to turn Microsoft into an artificial intelligence powerhouse by partnering with leading startup OpenAI

Satya Nadella, the Microsoft chief executive, has pledged to turn Microsoft into an artificial intelligence leader. Picture: Gary Hershorn/Getty Images

Microsoft posted its strongest revenue growth since 2022, spurred by interest in new artificial intelligence products that in turn are driving renewed spending on cloud computing.

Revenue in the second quarter, which ended December 31, rose 18 per cent to $62 billion (€57.17 billion), while profit was $2.93 a share, the company said in a statement Tuesday.

Analysts polled by Bloomberg on average estimated per-share earnings of $2.78 on sales of $61.1 billion.

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