Microsoft (MSFT) reported its fiscal third quarter earnings Thursday, beating analysts’ estimates on the top and bottom lines on the strength of its cloud computing business.
“Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry,” Microsoft CEO Satya Nadella said in a statement.
Microsoft said its AI services contributed 7 percentage points of growth to its Azure and other cloud services revenue. That’s up from 6 percentage points in Q2, and 3 points in Q1. Microsoft first broke out its AI percentage contributions to Azure in Q4 last year, saying it added 1 percentage point to Azure revenue at the time.
The company also said it anticipates Q4 revenue of between $63.5 billion and $64.5 billion, just a head of analysts’ expectations of $64.7 billion.
Microsoft CFO Amy Hood said during the…
