Microsoft reports $65.6 billion in quarterly sales as investors look to know if AI spending worth it

REDMOND, Wash. -- Microsoft connected Wednesday reported an 11% summation successful profit for nan July-September 4th compared to nan aforesaid clip past twelvemonth arsenic investors looked for signs that nan company's immense spending connected artificial intelligence is paying off.

The institution reported quarterly nett income of $24.7 billion, aliases $3.30 per share, which hit Wall Street expectations.

The Redmond, Washington-based package shaper posted gross of $65.6 cardinal successful nan quarter, up 16% from past year.

Analysts polled by FactSet Research were expecting Microsoft to gain $3.10 per stock connected gross of $64.6 billion.

Microsoft doesn’t study gross specifically from AI products but says it has infused nan exertion and its AI assistant, called Copilot, into each of its business segments, peculiarly its Azure unreality computing contracts.