Microsoft Hits 10 Quarters of Record-Breaking Revenue in a Row
Whatever the future of AI might be, the current situation is still very good for Microsoft. The tech giant reported yet another record for quarterly revenue on Wednesday: $92.3 billion, a 19% increase over the year-ago quarter.
TL;DR
- Microsoft reported a record quarterly revenue of $92.3 billion, a 19% increase year-over-year.
- This marks the 10th consecutive quarter of record-breaking revenue for the company.
- Net income reached $36.6 billion, up 32% on a GAAP basis.
- Microsoft Cloud revenue grew 30% to $63.9 billion.
- Azure generated $33.2 billion in revenue, while Microsoft 365 accounted for nearly $28 billion.
- Revenue from OpenAI contributed $10 billion.
- Devices and Consumer segment revenue decreased by 3% to $15.5 billion, with Windows OEM and devices revenue falling 22%.
- Capital expenditures increased to $45.2 billion, an all-time quarterly record.