The tech giant declared a quarterly dividend of $0.83 per share, reflecting an increase of 8 cents, or 10%, from the prior quarter.
Microsoft said it will hold its annual meeting shareholders meeting December 10th.
In July, the company said it will spend more this fiscal year on AI InfrastructureReported a 77.6% increase in capital expenditure in the quarter ended June 30, largely due to AI-related expenses.
The company reported a slowdown in growth in its Azure Cloud business in the reported quarter, but said growth would accelerate in the second half of fiscal 2025.
Big technology companiesincluding Microsoft and Alphabet’s Google, are facing Pressure from investors Microsoft is one of the few major companies to break out AI contributions in its quarterly earnings, as most companies have yet to see a big boost from AI investments. Last month, it had restructured how it reports results from its business units, moving some search and news advertising revenue to the Azure cloud computing unit.
Among other major tech companies, Apple announced a record investment of $110 billion. share buyback program in May after reporting upbeat quarterly results.
Microsoft shares rose slightly in after-hours trading. So far this year, the stock is up about 15%.
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