Microsoft's Q3 Earnings Impress Investors
This is a news story, published by Ars Technica, that relates primarily to Microsoft news.
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MicrosoftArs Technica
•Microsoft reports big profits amid massive AI investments
76% Informative
Microsoft reported that it spent $20 billion on capital expenditures during its fiscal quarter .
Overall sales were up 16 percent year over year to $65.6 billion .
The growth was largely driven by cloud services, which saw a 33 percent increase in revenue.
Xbox content and services posted 61 percent increased year-over-year revenue despite a 29 percent drop in hardware sales.
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17
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