Investors in cloud-computing companies have been focused in recent quarters on when those businesses will "stabilize," and Microsoft faced that question on its earnings call. CFO Amy Hood mentioned the seven points of AI-growth contributions to Azure's revenue, meaning that the core business grew 24%.

Microsoft has reported that 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 producti

Microsoft (NASDAQ:MSFT) shares rose around 4% in extended hours as the tech giant reported fiscal third-quarter results that topped expectations. For the period ending March 31, Microsoft (MSFT) earned $2.