Microsoft hits 10 quarters of record-breaking revenue in a row
Microsoft reported record quarterly revenue of $92.3 billion, up 19% year over year, marking its 10th consecutive quarter of record-breaking revenue, with net income of $36.6 billion, up 32% on a GAAP basis. Microsoft Cloud revenue reached $63.9 billion, up 30%, including $33.2 billion from Azure and $10 billion from OpenAI, while Devices and Consumer revenue fell 3% to $15.5 billion and Windows OEM and devices revenue dropped 22%. Commercial remaining performance obligation rose 73% to $677 billion, and capital expenditures topped $45.2 billion, another quarterly record.