Microsoft Corp. (NASDAQ: MSFT) on Tuesday stated its second-quarter 2024 earnings elevated year-over-year, reflecting sturdy efficiency of the tech large’s key working segments. The outcomes additionally beat estimates.
Second-quarter revenues got here in at $62.02 billion, in comparison with $52.75 billion in the identical interval of 2023, and topped expectations. Internet earnings elevated to $21.9 billion or $2.93 per share within the December quarter from $16.4 billion or $2.20 per share within the comparable interval of the earlier 12 months. Earnings additionally exceeded the market’s expectations.
“We’ve moved from talking about AI to applying AI at scale. By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector,” stated Microsoft’s CEO Satya Nadella.
