Microsoft reports higher profits and revenue powered by cloud computing and AI investments

Microsoft has reported a 27% increase in profit for the July-September quarter compared to the same time last year.

FILE - The logo for Microsoft, and a scene from Activision"Call of Duty - Modern Warfare," are shown in this photo, in New York, Wednesday, June 21, 2023. Microsoft reports earnings on Tuesday, Oct. 24, 2023. – 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 Redmond, Washington-based software maker posted revenue of $56.52 billion in the quarter, up 13% from last year, also beating expectations.

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