Microsoft shares up 8.3% as AI features give a boost to sales
by Reuters from Technology | The Guardian on (#6B5D4)
Redmond-based company exceeded analysts' estimates, driven by its cloud computing and Office software businesses
Microsoft Corp beat Wall Street's quarterly revenue and profit estimates on Tuesday, driven by growth in its cloud computing and Office productivity software businesses, and the company said artificial intelligence products were stimulating sales.
The company forecast that revenue in its main segments for the current quarter would match or top Wall Street targets.
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