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Microsoft revenue hits $332B increase
Microsoft achieved strong profits during its last quarter of the fiscal year, recording revenues of $90 billion, an 18% increase compared to the previous year, with a net income of $35.8 billion. The growth in the "Microsoft Cloud" segment, which generated $59.3 billion in revenue—a 27% annual increase—reflects the rising demand for the Azure cloud computing platform and artificial intelligence services. Additionally, Azure's revenue grew by 43% during the quarter, marking its fastest growth since early 2022. For the full fiscal year, the company's total revenue reached $331.8 billion, including a $4.9 billion gain from its investments in OpenAI. These results led to its shares rising over 8% after hours trading.
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