New Delhi, Oct. 30 -- Microsoft has declared its quarterly results, beating expectations with 18 per cent revenue jump to $77.7 billion. The software maker also reported a 22 per cent increase in quarterly profit to $30.8 billion. According to some analysts, Microsoft was expected to earn $3.67 per share on revenue of $75.38 billion. But it earned $77.7 billion, its quarterly results showed.

Microsoft, in a statement, said that the quarterly results did not include the impact of the investment in the artificial intelligence (AI) ChatGPT-maker OpenAI during the period, noting that the adjustment was made to "clarify" how the $3 billion influenced its core business.

The results came a day after a new deal with OpenAI pushed Microsoft to $...