India, April 29 -- Microsoft Corp. (MSFT) on Wednesday reported strong third-quarter results, driven by continued momentum in cloud and artificial intelligence.
Revenues for the quarter rose 18% year-over-year to $82.9 billion. Net income climbed to $31.78 billion or $4.27 per share, from $25.82 billion or $3.46 per share last year.
Adjusted net income for the quarter was $31.79 billion or $4.27 per share, compared to $26.41 billion or $3.54 per share last year.
Microsoft Cloud revenue reached $54.5 billion, up 29%, supported by robust demand across its platforms. Azure and other cloud services revenue surged 40%, while the Intelligent Cloud segment grew 30% to $34.7 billion.
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