Microsoft reports record $92.3B revenue, 32% profit growth despite heavy AI investments
Microsoft posted a 19% revenue increase to $92.3 billion and net income rose 32% to $33.6 billion in Q1 2027. The company invested heavily in AI and data centers, spending $45.2 billion on capital expenses, yet maintained positive free cash flow. Its Azure cloud revenue reached $33.2 billion, underscoring strong cloud growth amid a financial reporting overhaul.
Why it matters
Microsoft's strong financials highlight healthy demand for cloud and AI services despite heavy spending, signaling confidence in its AI-driven growth strategy.
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