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Microsoft beats quarterly cloud revenue estimates
Azure growth topped estimates as Microsoft said strong AI demand lifted cloud revenue and helped the company beat quarterly expectations.
- On Wednesday, Microsoft reported $92.3 billion in revenue for the first quarter of its 2027 fiscal year, marking the start of a new financial year for the software maker.
- The company introduced a new financial reporting structure, splitting businesses into Agents and Infra and Devices and Consumer, to clarify cloud performance against rivals Amazon Web Services and Google Cloud.
- Azure revenue surged 48 percent to $33.17 billion, while capital expenditure reached $45.2 billion to secure hardware and energy for AI technologies.
- Shares of Microsoft rose about 4 percent in extended trading on Wednesday, surpassing cloud revenue expectations despite broader Wall Street unease over debt-fueled spending.
- While Big Tech is expected to pump more than $700 billion into AI infrastructure this year, Microsoft remains the only hyperscaler projected to stay cash flow positive next year.
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27 Articles
27 Articles
Microsoft had revenue of 618 billion kroner in the first quarter and a profit of 245 billion.
·Borås, Sweden
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Tech giant reports 32% jump in net income to $36.6B, driven by strong cloud performance as Azure revenue surges 48%
·Ankara, Türkiye
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REDMOND (ANP/BLOOMBERG) - Tech giant Microsoft once again made a lot of money from its cloud division last quarter. Demand for artificial intelligence (AI) services continued to rise, generating nearly half as much revenue for the Azure cloud division—the world's largest after Amazon's...
Coverage Details
Total News Sources27
Leaning Left3Leaning Right6Center5Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 21%
C 36%
R 43%
Factuality
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