Microsoft reported first-quarter results. Net income rose sharply to $36.6 billion, or approximately ¥5.86 trillion, while revenue reached $92.3 billion and cloud revenue $63.9 billion. Azure revenue came to $33.1 billion.
According to Microsoft’s first-quarter results, revenue reached $92.3 billion (approximately ¥14.8 trillion), up approximately 19% year on year, while net income reached $36.6 billion (approximately ¥5.86 trillion), resulting in earnings per share of $4.92.
Cloud revenue rose 30% year on year to $63.9 billion, including Azure revenue of $33.1 billion, up 48%. The company’s shares rose nearly 5% at one point after the earnings announcement.
The investment in OpenAI contributed to higher net income, with the total investment in its for-profit business reportedly equivalent to $135 billion. As a result, diluted EPS was $0.03.
Microsoft has announced plans to expand its AI investment to nearly $200 billion while proceeding with a large-scale voluntary redundancy program covering approximately 60,000 employees. It also indicated that Azure’s annual revenue is expected to exceed $100 billion.