Microsoft achieves 10 consecutive quarters of record revenue and AI growth

Microsoft announced that it achieved record revenue for the 10th consecutive quarter, bringing its total revenue to $92.3 billion, a 19 percent increase compared to the same period of the previous year.

According to data released by Microsoft, the company's net income rose by 32 percent to $36.6 billion. Behind this record growth was Microsoft Cloud, which reached $63.9 billion with a 30 percent increase on an annual basis. While Microsoft 365 contributed approximately $28 billion, Azure took the largest share with $33.2 billion in revenue. The company stated that OpenAI revenues reached $10 billion and that AI labs such as OpenAI and Anthropic run their services on Azure.

While the revenue of the Devices and Consumer segment fell by 3 percent to $15.5 billion, a 22 percent decline was observed in Windows OEM and device revenues. The commercial remaining performance obligation, which represents the company's future commercial committed revenues, surged by 73 percent to $677 billion. To meet these commitments, capital expenditures reached $45.2 billion, setting a new quarterly record.