Microsoft Posts Strong First-Quarter Earnings Driven by Cloud Demand
· Technology · Fortune, Bloomberg
Microsoft reported a first-quarter revenue of $92.3 billion, marking a 19% increase year-over-year that surpassed Wall Street expectations. The Redmond, Washington-based software giant posted a profit of $36.6 billion, while its Azure cloud business grew by 48%. Quarterly capital expenditures reached $45.2 billion as the company invests heavily in data centers to meet surging AI demand. Microsoft 365 commercial seat adoption grew by 5%, reflecting ongoing sales of its Copilot assistant.
Why it matters
The results demonstrate sustained enterprise demand for AI services and cloud infrastructure, reassuring investors amid multi-billion-dollar capital spending by major tech giants.
Read the original report — Fortune
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