Microsoft Tops Quarterly Targets On Cloud, AI Strength
The Redmond, Wash.-based company earned an adjusted 77.67 billion in the quarter ended Sept. 30. Analysts polled by FactSet had expected Microsoft to earn 75.38 billion. On a year-over-year basis, Microsoft earnings rose 23% while sales increased 18%. The company's adjusted earnings exclude the impact of investments in OpenAI. Under generally accepted accounting principles, which include OpenAI, Microsoft earned $3.72 a share, up 13%, in fiscal Q1. BREAK ...