Key facts
- Microsoft reported record revenue of $92.3 billion for the quarter.
- Net income increased 32% to $36.6 billion.
- Microsoft Cloud revenue grew 30% to $63.9 billion.
- OpenAI contributed $10 billion to revenue.
- Capital expenditures reached a quarterly record of $45.2 billion.
Microsoft announced its 10th consecutive quarter of record-breaking revenue, reporting $92.3 billion for the period, a 19% increase year-over-year. Net income also rose 32% to $36.6 billion, largely driven by the strength of Microsoft Cloud, which generated $63.9 billion in revenue, up 30% from the previous year. The company also reported $10 billion in revenue from OpenAI, which utilizes Microsoft's cloud services. Despite a 3% decrease in Devices and Consumer revenue, Microsoft's commercial remaining performance obligation increased 73% to $677 billion, reflecting future contracted revenue. Capital expenditures reached an all-time quarterly record of $45.2 billion.