by Yuvraj Malik, Anna Tong and Stephen Nellis
(Reuters) – Microsoft on Thursday published quarterly results that beat Wall Street expectations thanks to the success of its new artificial intelligence (AI) features in its cloud computing services and business software .
The Redmond group’s turnover rose 17% in the January-March quarter, to $61.9 billion (€57.7 billion).
Analyst consensus was $60.8 billion, according to LSEG data.
Microsoft shares gained 5.5% in after-hours trading.
Since last year, Microsoft’s share price has been climbing, with investors welcoming its strategic shift into AI, via its partnership with the company OpenAI and its ChatGPT tool.
Revenue from the Intelligent Cloud division, which includes the Azure platform, increased to $26.7 billion, compared to a consensus of $26.24 billion. Azure’s revenues soared by 31%, while research firm Visible Alpha expected growth of 29%.
The Copilot tool, a set of generative AI assistants launched last November for $30 a month, as well as a recovery in personal computer sales, have supported the enterprise software and management system division. Windows operation.
Capital spending increased to $14 billion, from $11.5 billion in the previous quarter, above estimates ($13.14 billion according to Visible Alpha).
(Yuvraj Malik in Bangalore, Jean-Stéphane Brosse for the French version)
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