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April 26, 2024

Microsoft profits up; stock jumps

By MATT O'BRIEN
AP Technology Writer

Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive.

The company reported quarterly net income of $21.93 billion, or $2.94 per share, beating Wall Street expectations for earnings of $2.82 a share.


 
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