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Microsoft and Meta Post Contrasting Quarterly Results
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Microsoft reported revenue of $90 billion for its fiscal fourth quarter ended June 30, up 18% from a year earlier. Net income rose 31% to $35.8 billion. Meta Platforms reported a revenue of $90.2 billion, up 14% from a year earlier.
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Microsoft and Meta Post Contrasting Quarterly Results
Microsoft and Meta Platforms reported their latest quarterly results on Wednesday, with both companies continuing to invest heavily in artificial intelligence. Microsoft reported revenue of $90 billion for its fiscal fourth quarter ended June 30, up 18% from a year earlier. Net income rose 31% to $35.8 billion. Meta Platforms reported a revenue of $90.2 billion, up 14% from a year earlier. The software giant's cloud business remained its biggest growth driver, while Meta's advertising revenue continued to drive its growth.
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