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Microsoft reports Q2 revenue up 17% YoY to $81.3B, operating income up 21% to $38.3B, net income up 60% to $38.5B, and Microsoft Cloud revenue up 26% to $51.5B (Microsoft)
Microsoft reported second-quarter revenue of $81.3 billion, a 17 percent increase year over year, while its cloud segment grew 26 percent to $51.5 billion. Azure revenue rose 39 percent year over year, and the cloud-computing business slightly exceeded quarterly expectations. Overall, the company posted strong growth in its cloud services despite a decline in gaming revenue.
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- TechMeme·Microsoft reports Q2 revenue up 17% YoY to $81.3B, operating income up 21% to $38.3B, net income up 60% to $38.5B, and Microsoft Cloud revenue up 26% to $51.5B (Microsoft)
- The Verge·Microsoft reports strong cloud earnings in Q2 as gaming declines
- TechMeme·Microsoft Q2 gaming revenue fell 9% YoY, including a 32% drop in Xbox hardware revenue and a 5% decline in Xbox content and services, which includes Game Pass (Tom Warren/The Verge)
- TechMeme·Microsoft says capital expenditures for Q2 hit $37.5B, exceeding analyst estimates for $36.2B; MSFT drops 4%+ after hours (Matt Day/Bloomberg)
- TechMeme·Microsoft reports Azure Q2 revenue up 39% YoY, vs. 38.8% est.; Microsoft cloud's contracted backlog grew 110% to $625B, ~45% of which was driven by OpenAI alone (Reuters)
- TechCrunch·Microsoft gained $7.6B from OpenAI last quarter