Microsoft says quarterly profits up 18% as it weathers tech sector turbulence

REDMOND, Wash. – Microsoft connected Wednesday said its profits roseate 18% for the January-March quarter, driven by its maturation successful its unreality computing and artificial quality concern successful a turbulent clip for the tech sector.

The institution reported quarterly nett income of $25.8 billion, oregon $3.46 per share, beating Wall Street expectations for net of $3.22 a share.

The Redmond, Washington-based bundle shaper posted gross of $70.1 cardinal successful the period, its 3rd fiscal quarter, up 13% from the aforesaid play a twelvemonth ago. Analysts polled by FactSet expected Microsoft to station gross of $68.44 cardinal for the quarter.

Microsoft is among a radical of the tech industry’s bellwether companies that person been done a play of uncertainty and turmoil since President Donald Trump returned to the White House, with a see-sawing of stocks that has eviscerated trillions of dollars successful shareholder wealthiness amid an onslaught of tariffs and different actions.

Microsoft’s banal terms has dropped astir 8% since Trump's inauguration successful January, to astir $395 astatine the adjacent of markets Wednesday.

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