![Bing reached over 140 million daily active users [File]](https://www.thehindu.com/theme/images/th-online/1x1_spacer.png "Bing reached over 140 million daily active users [File]")
Bing reached over 140 million daily dynamic users [File]
| Photo source: REUTERS
Microsoft’s revenue rose 17% to $61.9 billion in the quarter ending in March, driven by cloud gains, several notable platform deals and a broad selection of artificial intelligence accelerators on offer. Earnings per share were $2.94, an enhance of 20%.
“Azure transactions worth more than $100 million increased by more than 80% year over year, while the number of transactions worth more than $10 million more than doubled,” said CEO Satya Nadella.
Other major products such as Office for commercial and consumer apply, LinkedIn, Clever Cloud, Windows content and services, and Xbox contributed to earnings growth.
However, the company’s devices division saw its revenue decline by 17%.
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Nadella echoed Nvidia CEO Jensen Huang’s earlier prediction that artificial intelligence will change the way the world approaches programming.
“Anyone can become a developer with modern AI-powered features in our low-code/no-code tools that make it easier to build apps, automate workflows or create a co-pilot using natural language,” he said, adding: “Nearly 60% of companies Fortune 500 now apply Copilot and we’ve seen accelerated adoption across industries and geographies, with companies like Amgen, BP, Cognizant, Koch Industries, Moody’s, Novo Nordisk, NVIDIA and Tech Mahindra purchasing over 10,000 seats. ”
Nadella praised the company’s partnership with ChatGPT developer OpenAI, noting that more than 65% of Fortune 500 companies apply Azure OpenAI.
Bing also reached over 140 million daily dynamic users.
Nadella spoke in favor of AI-generated content and interactions on search platforms and LinkedIn, adding that Copilot will also lend a hand create marketing content.
On gaming, he said Microsoft set records in the third quarter for game streaming hours, console usage and monthly dynamic devices.
Nadella spent several moments emphasizing that security is the company’s top priority, even as Microsoft continues to battle state-sponsored hackers who have compromised top-level emails.
A March report by the U.S. Federal Cybersecurity Review Commission noted that Microsoft’s “security culture was inadequate” and highlighted a “cascade of security failures.”
Microsoft is also facing lawsuits over allegations that it illegally used copyrighted creator media to develop its AI products.
