Microsoft posts tenth straight record quarter as Azure, cloud revenue climb
Microsoft reported $92.3 billion in quarterly revenue, a 19% year-over-year rise, with cloud at $63.9 billion while Windows OEM and devices fell 22%.
The story in focus
Microsoft reported $92.3 billion in quarterly revenue, up 19% year over year and its tenth consecutive record quarter, TechCrunch reported. Net income reached $36.6 billion, up 32% on a GAAP basis, while Devices and Consumer revenue fell 3% and Windows OEM and devices dropped 22%.
- Microsoft revenue reached $92.3 billion, up 19% year over year, per TechCrunch.
- Net income was $36.6 billion, a 32% GAAP increase.
- Microsoft Cloud revenue was $63.9 billion, up 30%; Azure contributed $33.2 billion.
- Devices and Consumer revenue fell 3%, with Windows OEM and devices down 22%.
- Commercial remaining performance obligation rose 73% to $677 billion; capital expenditures were $45.2 billion.
Cloud and Azure lead growth
TechCrunch reported that Microsoft Cloud revenue reached $63.9 billion for the quarter, a 30% increase over the year-ago period. Azure brought in $33.2 billion, the largest single contribution cited, while Microsoft 365 accounted for nearly $28 billion.
Microsoft reorganized its reporting into two segments, Agents and Infra and Devices and Consumer, according to the report. The company also cited $10 billion in revenue from OpenAI.
Consumer segment and spending
Devices and Consumer revenue was $15.5 billion, down 3%, with Windows OEM and devices revenue falling 22% from a year earlier.
TechCrunch reported that Microsoft's commercial remaining performance obligation, described as future revenue committed under existing contracts, increased 73% to $677 billion. Capital expenditures reached $45.2 billion, which the report described as an all-time quarterly record.
Quarterly record streak
The results marked the tenth consecutive quarter of record-breaking revenue for Microsoft, TechCrunch reported. Net income of $36.6 billion rose 32% on a GAAP basis over the year-ago quarter.
What drove Microsoft's tenth consecutive record revenue quarter?
TechCrunch reported revenue of $92.3 billion, up 19%, led by Microsoft Cloud at $63.9 billion and Azure at $33.2 billion, while Devices and Consumer revenue declined 3%.
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