Microsoft Pops as Q1 Results, Guidance Top Estimates (MSFT:NASDAQ)
- On Wednesday, Microsoft reported record-breaking quarterly revenue of $92.3bn, driven by strong growth in its cloud computing business.
- To offset massive AI infrastructure spending, Microsoft offered voluntary buyouts to around 60,000 employees, equaling roughly 27% of its workforce to cut costs.
- The AI-heavy Agents and Infra segment accounted for $76.8 billion in revenue, while Microsoft CFO Hood reported capital expenditures reached $45.2 billion, primarily for CPUs and GPUs.
- Shares rose nearly 2.9% in New York trading Wednesday, as Microsoft's $18.6 billion free cash flow contrasts with negative cash flow from Google and Meta.
- Microsoft expects capital expenditures to breach $50 billion next quarter, as the company continues prioritizing AI-heavy Agents and Infra to deliver greater capability and cost efficiency.
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47 Articles
Microsoft profit surges to $36.6 billion as AI spending soars and buyouts loom for 60,000 workers
Microsoft reported a sharp increase in quarterly profit, earning more than $36.6 billion in the three months ended Sept. 30, even as the tech giant prepares to offer voluntary buyouts to thousands of employees. The company announced its latest financial results Wednesday, reporting revenue of $92.3 billion, up 19% from the same period a year earlier. Strong growth in its cloud computing business helped drive the results, underscoring continued d…
The Rapid Increase in the Sales of Microsoft Cloud Services Indicates the Return on Investment in AI
Microsoft increased its quarterly revenue by 19 per cent, to $92.3 billion.
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Microsoft net income rises 32% to $36.6 billion days after buyout offer to 60,000 staff
In the latest quarterly results, Microsoft reported a remarkable 32 percent surge in net income, hitting $36.6 billion for the July-September period. The tech giant also unveiled a voluntary buyout plan affecting about 60,000 employees worldwide. Cloud revenue soared with Azure seeing a 48 percent boost, signifying strong market demand. However, the Devices and Consumer segment saw a 3 percent revenue dip.
American Microsoft Corp. increased net profits by 32% in the first fiscal quarter, revenue by 19%, and adjusted profits and revenues were better than market expectations.
Microsoft, one of the US technology companies, saw its profits rise by 32 percent in the July-September period, driven by an increase in cloud revenue.
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