In brief
Microsoft’s first quarter of fiscal 2027 saw revenue climb 19% year‑over‑year to $92.28 billion while net income jumped 32% to $36.63 billion, according to Xinhua. The cloud powerhouse highlighted a 48% surge in Azure revenue and a 30% rise in Microsoft Cloud, underscoring the centrality of its AI‑driven offerings. Shareholders received $10.2 billion in dividends and share repurchases, amid a broader strategic focus on cloud and AI investments.
Microsoft announced that its first quarter of fiscal 2027 delivered a 19% year‑on‑year rise in revenue to $92.28 billion and a 32% increase in net income to $36.63 billion, according to a Xinhua‑reported earnings release. The tech giant highlighted that cloud computing remains the main driver, with Microsoft Cloud revenue up 30% year‑on‑year to $63.9 billion and Azure platform sales surging 48% to $33.17 billion.
The company detailed that operating income climbed 21% to $45.92 billion, while diluted earnings per share rose from $3.72 to $4.92. Adjusted net income—including AI‑related investment effects—also rose 18% to $36.42 billion year‑on‑year, with diluted earnings per share climbing 18% to $4.89, as noted in the Xinhua report.
Microsoft reported that its recent investments in artificial intelligence company OpenAI generated a net gain of $207 million for the quarter, compared with a net loss of $3.09 billion in the same period a year earlier. Excluding the impact of those investments, the company’s adjusted net income still increased 18% year‑on‑year.
The CFO, Amy Hood, said the company had made a strong start to its new fiscal year, with Microsoft Cloud revenue growth accelerating to 30% and company earnings exceeding expectations, details Xinhua cited.
Microsoft also returned $10.2 billion to shareholders through dividends and share repurchases during the quarter, another figure from the Xinhua coverage. The company ended the period with a commercial remaining performance obligation that climbed 73% to $677 billion year‑on‑year, according to Xinhua.
