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Microsoft Corp. (NASDAQ: MSFT ) on Tuesday reported a decline in net profit for the second quarter of 2023 while the software giant’s revenue rose 2%.
The company said second-quarter revenue rose 2% from a year ago to $52.75 billion. However, net income fell to $16.43 billion or $2.20 per share in the December quarter from $18.77 billion or $2.48 per share in the same period in 2022.
Check out this space to read management/analyst commentary on Microsoft’s Q2 2023 earnings
“The next major computing wave has been born, as Microsoft Cloud transforms the world’s most advanced AI model into a new computing platform. We are committed to helping our customers use platforms and tools to do more with less today and innovate for the future in the new AI era ,” said Microsoft CEO Satya Nadella.
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