Microsoft posts strong Q4 earnings, grows AI
Reading
Microsoft made $81.3 billion in revenue this quarter. This amount is 17% more than last year, thanks to AI.
The company's net profit for the quarter was $30.9 billion. This profit was better than what experts thought it would be.
Microsoft has a big investment in the company OpenAI. Microsoft also has rights to OpenAI products until 2032.
Sales from Microsoft's AI cloud business reached $32.9 billion. These sales grew by 29% from the same time last year.
Microsoft's stock price went down after these good reports. The company believes AI usage is only just beginning now.
Questions
How much revenue did Microsoft make this quarter?
$81.3 billion
What was Microsoft's net profit for the quarter?
$30.9 billion
What is Microsoft's investment related to OpenAI?
Microsoft has a big investment in OpenAI and rights to its products until 2032.
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