Computerworld October 25, 2023
Microsoft’s all-in approach to AI appears to pay off as the tech giant posted strong financial results for the first quarter of its 2024 financial year.
AI and cloud-fueled growth has seen Microsoft post a double-digit revenue increase during the first quarter of its 2024 financial year, despite the ongoing weakness with PC sales.
For the quarter ending September 30, Microsoft generated a net income of $22.3 billion, an increase of 27%. It also reported a 13% increase in overall revenue at $56.5 billion.
Ever since Microsoft-backed OpenAI brought ChatGPT into the general consciousness late last year, Microsoft has gone all in on its own AI strategy, with its flagship Copilot tool about to be rolled out across the company’s...
Today's Sponsors
Today's Sponsor