Microsoft revenue surges 17%, driven by AI gains, ChatGPT partnership

Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products.Revenue rose 17% to $61.9 billion in the quarter ended March, compared with analysts’ consensus estimate of $60.80 billion, according to LSEG data.Shares of the Redmond, Wash.-based company gained 5% after the bell. The stock has soared on Microsoft shipping genAI tools based on its strategic partnership with ChatGPT creator OpenAI and also hel ...