Microsoft's cloud business powers 10% growth in quarterly profits

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Microsoft reported a 10% increase in quarterly profits Tuesday as it tries to maintain its position as a leader in artificial intelligence technology.

Discover incredible Insider Deals that will make your life a little bit easierFile - A Microsoft Surface logo is seen before an NFL football game between the Houston Texans and the Baltimore Ravens, on Jan. 20, 2024, in Baltimore. Microsoft reports earnings on Tuesday, July 30, 2024. –

Microsoft's growth was led by its cloud computing business, where quarterly revenue rose 19% to $28.5 billion. Revenue from Microsoft's productivity services – such as its Office line of products – rose 11% to $20.3 billion.

 

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