Microsoft shares popped more than five percent Wednesday afternoon after it reported better than expected revenue and profit, fueled by its Azure cloud computing division which grew by 48 percent...
The quarterly earnings report comes just days after Microsoft offered voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce
Microsoft beats expectations as Azure cloud revenue lifts quarterly earnings and offsets heavy AI spending.
Microsoft also said net gains from investments in OpenAI added US$207 million to net income.
Microsoft Corp. reported better-than-expected cloud revenue, suggesting the company continues to reap the benefits of its massive investment in artificial intelligence.
Software group reports overall revenue rose 19% to $92.3bn in quarter to end of September
Microsoft late Wednesday handily beat Wall Street's targets for its fiscal first quarter. Microsoft stock rose on the news.
Azure generated $33.2 billion in revenue during the July-September quarter of 2026, marking a 48% increase compared with the same period last year.
CFO Amy Hood said the company expects capital expenditure to reach approximately $170 billion for calendar-year 2026, with spending accelerating in the second h
Microsoft's Azure cloud business brought in $33.2 billion in the September quarter, up 48%, the first time the company has reported Azure's quarterly revenue. Total revenue rose 19% to $92.3...
Microsoft executives credited improved operational "efficiency" for allowing it to grow at such a clip.
Quarterly revenue reached $92.28 billion and adjusted earnings per share came to $4.89, both above expectations. Azure grew 48%, even as Microsoft spent $45.2 billion on capital expenditures and...
Microsoft reported a 19 per cent year-on-year increase in revenue to USD 92.3 billion in the July-September quarter, supported by strong growth in its cloud business, as the technology major began...
Microsoft kicked off fiscal year 2027 with record-breaking financial results, generating $92.3 billion in revenue and $36.6 billion in net income.
Microsoft revenue rose 19% to $92.3 billion in the September quarter, 1 percentage point faster than the growth it reported in the second quarter. Accelerating sales in its Azure cloud unit,...
Microsoft revenue rose 19% to $92.3 billion in the September quarter, 1 percentage point faster than the growth it reported in the second quarter. Accelerating sales in its Azure cloud unit,...
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