Microsoft’s AI revenue run rate reaches $13B annually as tech giant tops earnings expectations
Microsoft beat Wall Street’s expectations for revenue and profits in its latest quarter. (GeekWire File Photo)
Microsoft says it’s generating revenue from its artificial intelligence products and services at a rate of $13 billion annually, exceeding the $10 billion run rate that the company foreshadowed previously.
The company on Wednesday reported $69.6 billion in revenue for the December quarter, up 12%, with earnings of $3.23/share, topping Wall Street’s expectations by both measures.
Microso...
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