Microsoft’s cloud segment continued to perform well and was up by 24% year-over-year.

The largest publicly traded corporation has made big investments in artificial intelligence and has been gaining market share with Copilot. Microsoft has been applying AI at scale to strengthen its product offerings and attract new customers.

The tech giant has expanded its profit margins despite making big investments in artificial intelligence. Microsoft’s net profit margin exceeded 25% in the second quarter of fiscal 2024. Revenue increased by 18% year-over-year while net income jumped by 33% year-over-year. Microsoft can accelerate its net income growth due to AI tech cutting costs and top-line growth. It’s one of those AI stocks to survive boom and bust cycles.

Microsoft’s cloud segment continued to perform well and was up by 24% year-over-year. Microsoft Cloud revenue reached $33.7 billion which was more than 50% of the company’s Q2 FY24 revenue. The corporation also returned $8.4 billion to shareholders via dividends and stock buybacks. Shares are up by 257% over the past five years and offer a 0.71% dividend yield. $Microsoft(MSFT.US)$