Microsoft's yearly revenue hits $332 billion
Microsoft achieved strong profits during the last fiscal quarter, with revenues reaching $90 billion, representing an 18% increase compared to the same period last year, and a net income of $35.8 billion, surpassing analyst expectations. The company's cloud computing division, "Microsoft Cloud," recorded revenues of $59.3 billion, with an annual growth rate of 27%. This includes a 43% increase in revenues from the Azure platform and AI services during the quarter, marking the fastest growth rate since 2022. Additionally, the company's investments in AI projects such as "OpenAI" and "Anthropic" impacted its profits and led to an upward revision of its spending forecast for 2026 to $175 billion. The company's results were characterized by continuous growth in cloud services and increasing demand for AI products.
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