At a glance
Microsoft recorded a 32 percent increase in profit for the quarter.12
Overall revenue also climbed during the period.23
The financial gains were driven by growth in the company's cloud operations.236
At the same time, the company experienced an increase in spending.16
Where sources agree
- Cloud computing business experienced growth3 of 6
- Quarterly profit increased by 32 percent2 of 6
- Company spending increased2 of 6
- Quarterly revenue expanded2 of 6
Who covered this
Sources
- 1The New York TimesMicrosoft’s Profit Jumps 32% Despite Big Increase in Spending ↗
- 2The VergeMicrosoft reveals strong cloud growth amid financial reporting overhaul ↗
- 3CNBCMicrosoft stock jumps 4% as cloud growth drives earnings and revenue beat ↗
- 4TechCrunchMicrosoft just shared Azure’s actual revenue in dollars: $33.2 billion ↗
- 5TechCrunchMicrosoft recorded $10 billion in revenue from OpenAI ↗
- 6FortuneMicrosoft’s cloud growth accelerates, and so too does the spending ↗
Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.