Microsoft’s profit increased by a fifth during the year, its income was somewhat more modest Business

According to the corporation’s announcement, the net profit in the third quarter of the financial year (January-March), compared to the same period a year earlier, grew from 18.3 billion. to 21.94 billion USD, or USD 2.94 per share. Sales revenue grew from 52.86 billion. to 61.86 billion dollars.

Analysts interviewed by the agency “FactSet” forecast an average profit of 2.82 dollars per share, 60.9 billion. dollar income.

The revenue of the Intelligent Cloud division, which includes the cloud service Azure and the development of software for service stations, increased by 21 percent. up to 26.7 billion dollars, the Productivity and Business Processes division, which, among other things, develops the Office suite of applications and also manages the LinkedIn network – 12 percent. up to 19.6 billion dollars, and the “More Personal Computing” division, which is responsible for OS Windows, game consoles Xbox and Surface tablets – 17 percent. up to 15.6 billion dollars.

In the third quarter of this fiscal year, Microsoft returned 8.4 billion dollars to shareholders. dollars through dividend payments and share buybacks.

The market capitalization of the corporation, which pays a lot of attention to the development of artificial intelligence systems, has increased by 6.1 percent since the beginning of 2024. up to 3.04 trillion dollars.