National · 3 updates
Microsoft reported strong cloud revenue growth and increased paid AI users. Azure revenue surpassed one hundred billion dollars for the first time. Microsoft 365 Copilot now has over thirty million paid seats. Investors are observing returns from significant artificial intelligence spending. The company's shares saw a notable increase after the earnings announcement.
Microsoft reported $90 billion in revenue and $35.8 billion in net income in the last quarter of its fiscal year
Microsoft's shares soared more than 15% on Thursday, putting the company on track for a record one-day gain in market value after it said it expects to keep generating cash through its new fiscal year and forecast cloud growth above Wall Street expectations.The software giant reportedly added more than $485 billion to its market value to reach $3.35 trillion, surpassing chip giant Nvidia's previous one-day record of $441 billion on April 9, 2025, according to LSEG data."Microsoft reported a very strong quarter and it struck the tone markets are looking to hear as the key drivers of growth ca