Business · Updated 29 Oct, 10:11 am IST
Microsoft posts record $92.3B quarter driven by Azure and OpenAI revenue
Why it matters for readers: It explains how cloud services and AI partnerships are already generating large, tangible income for major tech firms.
- Microsoft reported $92.3 billion in quarterly revenue and $36.6 billion in net income.145
- Azure disclosed dollar revenue of $33.2 billion for the quarter, up 48% year-over-year and representing about 36% of total revenue.13
- Microsoft said it generated $10 billion in revenue from commercial arrangements with OpenAI in the quarter.12
- Microsoft reorganized reporting into two segments, Agents and Infra and Devices and Consumer, while Devices and Consumer revenue fell 3%.1
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29 Oct, 02:55 am · TechCrunch AI
Microsoft hits 10 quarters of record-breaking revenue in a row
29 Oct, 03:04 am · TechCrunch AI
Microsoft recorded $10 billion in revenue from OpenAI
29 Oct, 03:28 am · TechCrunch AI
Microsoft just shared Azure’s actual revenue in dollars: $33.2 billion
29 Oct, 08:09 am · ET Tech
Microsoft beats expectations fueled by Azure cloud business
29 Oct, 10:11 am · The Hindu Technology
Microsoft beats expectations fueled by Azure cloud business