Microsoft Posts Strong Quarterly Results, Smashing Investor Forecasts
Azure revenue topped $100 billion as Microsoft reported $90.0 billion in quarterly revenue and 43% cloud growth, beating investor expectations.
- Microsoft reported $90.0 billion in revenue for the second quarter, an 18% increase, with net income rising 31% on a GAAP basis to $35.8 billion.
- Operating Income reached $40.6 billion, an 18% increase, as CapEx Including Leases totaled $41B to support infrastructure expansion.
- Azure Revenue surpassed $100B for the first time, while Azure grew 43% versus analyst expectations of 40%.
- Commercial RPO surged 84% year-over-year to $678B, while Copilot adoption expanded to over 30 million paid seats.
- Diluted earnings per share increased 32% on a GAAP basis to $4.81, bolstered by a $3.2B Anthropic Investment Gain.
22 Articles
22 Articles
Futures Climb With Boost From Microsoft's Surging Cloud Growth
US futures rose on Thursday as Microsoft Corp. jumped 9.8% after reporting the fastest cloud unit growth in four years. Top semiconductor companies, like Micron Technology Inc. and Nvidia Corp., rallied as well.
Futures Climb With Boost From Microsoft’s Surging Cloud Growth
US futures rose on Thursday as Microsoft Corp. jumped 9.8% after reporting the fastest cloud unit growth in four years. Top semiconductor companies, like Micron Technology Inc. and Nvidia Corp., rallied as well.
Microsoft Posts 31% Jump in June-quarter Net Profit, Revenue Rises 18% YoY
Get latest articles and stories on Business at LatestLY. Microsoft reported strong financial results for the quarter ended June 30, with net profit rising 31 per cent year-on-year to USD 35.8 billion, while revenue increased 18 per cent to USD 90 billion, driven by continued demand for its cloud and artificial intelligence offerings. Business News | Microsoft Posts 31% Jump in June-quarter Net Profit, Revenue Rises 18% YoY.
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