Microsoft Beats Expectations as AI Cloud Business Continues to Grow

San Francisco: Microsoft reported quarterly revenue and earnings ahead of Wall Street expectations Wednesday, powered by demand for cloud computing and artificial intelligence services that drove revenue.

The tech giant posted revenue of $82.9 billion for the quarter ended March 31, up 18 percent from a year earlier and topping analyst consensus forecasts. Net income climbed 23 percent to $31.8 billion.