Microsoft revealed that its profits for the quarter extending from October to December grew by 10 percent compared to the same period last year.
Although its overall earnings and revenue beat Wall Street expectations, it fell short of expectations in its cloud computing business, which is one of its most prominent efforts in artificial intelligence.
The company reported net income of $24.1 billion, or $3.23 per share, beating Wall Street expectations of $3.11 per share. The company reported revenue of $69.6 billion in the quarter, up 12 percent from a year earlier.
