Microsoft beats quarterly revenue estimates
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A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes/File Photo
(Reuters) - Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products.
Revenue rose 17% to $61.9 billion in the quarter ended March, compared with analysts' consensus estimate of $60.80 billion, according to LSEG data.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Sriraj Kalluvila)
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