Microsoft’s heavy bet on AI pays off as it beats expectations in second quarter | Microsoft

Profits at Microsoft beat Wall Street’s expectations as its heavy bets on artificial intelligence and gaming continued to bear fruit in the second quarter.

The technology giant has invested billions of dollars into AI in a bid to turbocharge its growth.

“Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry,” said Satya Nadella, the chief executive of Microsoft. The company highlighted that Microsoft’s cloud computing revenue was up by more than 20% compared to the same period last year.