Microsoft Earnings Growth Picks Up on Stronger-Than-Expected Cloud Demand

Updated Oct. 24, 2023 5:05 pm ET

Microsoft’s sales growth accelerated last quarter as demand for its cloud computing services heated up amid growing enthusiasm about artificial intelligence. 

The company reported Tuesday that its revenue grew 13% to $56.5 billion for the quarter through September. That was above analysts’ expectations and a step up from growth of 11% during year-earlier period.

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