Microsoft profit jumps 32% as AI spending boosts Azure revenue and cloud growth.
The company’s free cash flow stayed positive in the last quarter even as it spent $45.2 billion on capital expenses like data centers and offered to pay workers to leave.
Microsoft's total revenues hit $92.3 billion against expectations of $90.6 billion, with profits of more than $36.6 billion versus the $35.1 billion analysts had forecast, according to FactSet.
Microsoft’s revenue rose 19% year-on-year to $92.3 billion, while net income climbed 32% to $36.6 billion.
The company’s cloud business growth continued to accelerate, contributing to a higher profit and easing jitters over potential returns from the AI build-out.
First reported:
First saved on ClustZ:
Coverage updated:
We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.