Microsoft beats earnings expectations amid cloud, AI growth

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Growth in its cloud business — fueled in part by the boom in AI — helped Microsoft beat earnings expectations

While there is lots of talk about AI, Microsoft is among only a handful of large companies that can point to a measurable growth in revenue.

Revenue from Microsoft's PC business was $15.6 billion, up 17%, with Windows revenue up 11% and revenue from its devices business, which includes its Surface PCs, was down 17%. Revenue from the unit that includes Office was $19.6 billion, up 12%, with commercial sales growth outpacing the consumer side of the business."Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry," CEO Satya Nadella said in a statement.

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