AI and cloud growth fuel first quarter revenue boost for Microsoft

AI and cloud-fueled growth has seen Microsoft post a double-digit revenue increase during the first quarter of its 2024 financial year, despite the ongoing weakness with PC sales.For the quarter ending September 30, Microsoft generated a net income of $22.3 billion, an increase of 27%. It also reported a 13% increase in overall revenue at $56.5 billion.Ever since Microsoft-backed OpenAI brought ChatGPT into the general consciousness late last year, Microsoft has gone all in on its own AI strate