Microsoft beats Wall Street expectations with $90B in revenue
Summary
Microsoft reported $90 billion in revenue for the April-June quarter, beating Wall Street expectations. The company saw strong growth in its cloud services and paid AI users, with its cloud platform Azure showing a 43% increase in revenue.Key Facts
- Microsoft earned $90 billion in revenue during the April-June quarter, up 18% from last year.
- The earnings per share were $4.81, higher than the expected $4.24.
- Microsoft Cloud revenue reached $59.3 billion, a 27% increase compared to last year.
- Azure and other cloud services revenue increased by 43%.
- For the full fiscal year ending in June, Microsoft’s revenue was $331.8 billion.
- Azure revenue surpassed $100 billion for the first time this year.
- Microsoft 365 Copilot, the AI assistant, now has over 30 million paid users.
- Microsoft’s shares rose about 3% after the earnings report was released.
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