https://apnews.com/article/microsoft-earnings-artificial-intelligence-cloud-cce0a0de6080696bfc9f1b66eee3456f

REDMOND, Wash. (AP) — Microsoft on Tuesday reported a 27% increase in profit for the July-September quarter compared to the same time last year, powered by growth in its cloud computing division where it has centered its investments in artificial intelligence.

The company reported quarterly net income of $22.29 billion, or $2.99 per share, which beat Wall Street expectations.