Microsoft Corp.’s cloud computing and Office software businesses. delivered stronger-than-expected quarterly revenue growth, a sign that the company’s heavy investments in artificial intelligence are starting to pay off.

Sales in the first quarter ended September 30 rose 16% to $65.6 billion, the company said in a statement Wednesday. Earnings rose to $3.30 per share. Analysts average estimated According to Bloomberg data, revenue per share was $64.5 billion and earnings per share were $3.11.