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-Surface and Windows revenue down 20%-Xbox revenue increases year-over-year-Microsoft 365 Copilot costs how much?!
That’s a decrease of 4% overall but the division had a mix of ups and downs.
Microsoft’s search and news advertising revenue went up 8% (excluding traffic acquisitions).
In that category, Microsoft did stupendously.
The $56.2 billion the company earned in revenue beat the estimate of $55.5 billion set by experts.
Microsoft also set financial records, including its highest gross sales and net income to date.
Forbeshighlighted that Microsoft’s $2.6 trillion market cap today made the company the second-most valuable in the world.
While Microsoft saw another drop in Surface sales, there’s plenty of good news for the company.
Stock increased 21% and revenue also increased.
Windows, Office, Bing, and GitHub have all received AI features this year.
The question is whether these investments will pay off financially.
Experts and the stock market certainly suggest that Microsoft will capitalize on interest in AI.
The tech giant’s value has increased $800 billion this year.
Microsoft only announced theprice of Microsoft 365 Copilotlast week.
That news sent stocks soaring, but we’ll have to see if that momentum carries throughout this quarter.
