Washington, July 30 -- Microsoft reported strong financial results for the quarter ended June 30, with net profit rising 31 per cent year-on-year to USD 35.8 billion, while revenue increased 18 per cent to USD 90 billion, driven by continued demand for its cloud and artificial intelligence offerings.

The technology giant said operating income rose 18 per cent year-on-year to USD 40.6 billion. Diluted earnings per share (EPS) came in at USD 4.81, up 32 per cent on a GAAP basis compared with the same period last year.

On a non-GAAP basis, which excludes the impact from investments in OpenAI, Microsoft reported net income of USD 35.3 billion, up 22 per cent, while diluted EPS stood at USD 4.74, an increase of 23 per cent.

The company said...