Joystiq - Microsoft's quarterly revenue for the period ending June 30 hit $18.06 billion, with an operating income of $192 million and a loss of $0.06 per share. This is compared to revenue of $17.37 billion for the same quarter in 2011. Microsoft also posted a net loss for the quarter of $492 million, compared to last year's gain of $5.87 billion for the same quarter.
Microsoft is laying off more employees, a new round after they cut thousands last year. It seems like many big tech companies are doing the same.
Amidst the AI frenzy of 2023, major players like Google, Microsoft, and Meta are in the spotlight, launching their own generative AI systems.
Microsoft has made it easy for iPhone users to check their mobile updates on Windows-enabled computers.