Microsoft's quarterly performance exceeded expectations, driven by strong expansion in the cloud computing department.

Microsoft's quarterly sales and profits, as announced by the company, exceeded expectations, indicating that customer demand has not been affected by tariffs and broader economic uncertainty. In a statement released on Wednesday, Microsoft stated that total revenue for the third quarter increased by 13% to $70.1 billion, with adjusted earnings per share of $3.46. Analysts had previously expected revenue of $68.5 billion and adjusted earnings per share of $3.21. Revenue from Azure cloud computing services grew by 33%, surpassing Wall Street expectations. As the world's largest software developer, Microsoft is considered a leader in commercializing artificial intelligence products, thanks to its close collaboration with ChatGPT developer OpenAI. In addition to providing computing infrastructure, Microsoft has also introduced AI assistants in applications such as Office and Excel. Due to market sell-offs, the company's stock price has fallen by about 6% so far this year as of Wednesday's close.