Business · Updated 29 Oct, 02:55 am IST
Microsoft posts 10th straight quarter of record revenue
Why it matters for readers: Explains why Microsoft keeps investing in cloud and AI and how those areas drive company results.
- Microsoft reported quarterly revenue of $92.3 billion, a 19% year-over-year increase.1
- Net income reached $36.6 billion, up 32% on a GAAP basis from the year-ago quarter.1
- Microsoft Cloud generated $63.9 billion in revenue, a 30% increase year over year.1
- Azure brought in $33.2 billion, and Microsoft also reported $10 billion of revenue from OpenAI.1
- Devices and Consumer revenue fell to $15.5 billion, down 3%, with Windows OEM and devices revenue dropping 22%.1
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