PYMNTS.com October 24, 2023
Microsoft saw its revenue increase 13% year over year during the quarter ended Sept. 30, driven by Microsoft Cloud revenue growth that leaped 24%.
The tech giant saw a 13% boost in revenue in Productivity and Business Processes, a 19% increase in revenue in Intelligent Cloud and a 3% rise in More Personal Computing, Microsoft said in a Tuesday (Oct. 24) press release.
“With copilots, we are making the age of AI [artificial intelligence] real for people and businesses everywhere,” Satya Nadella, chairman and CEO of Microsoft, said in the release. “We are rapidly infusing AI across every layer of the tech stack and for every role and business process to drive productivity gains for our customers.”
The revenue growth...
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