Microsoft Profit Jumps 10%, but Cloud Computing Grows Less Than Expected
Source: New York Times
Microsoft closed its first full fiscal year of aggressive artificial intelligence investment with a mixed bag of results for people worried about how much big tech companies are spending on A.I.Sales from April through June hit $64.7 billion, up 15 percent from the same period last year, the company reported on Tuesday. Profit rose 10 percent, to $22 billion.The results beat Wall Street’s expectations and…
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