Doha:Microsoft has announced a significant increase in net income for its fiscal first quarter, reaching $36.63 billion, up from $27.75 billion in the same period last year. The company's earnings per share also saw a notable rise, increasing to $4.92 from $3.72.
According to Emirates News Agency, the total revenue for Microsoft climbed to $92.28 billion, with a substantial portion of this growth attributed to services revenue. Microsoft Cloud played a pivotal role in this increase, generating $63.9 billion, which marks a 30 percent rise compared to the previous year.
Amy Hood, Executive Vice President and Chief Financial Officer of Microsoft, highlighted that the results surpassed expectations in terms of revenue, operating income, and earnings per share.
Satya Nadella, Chairman and Chief Executive Officer, emphasized the company's commitment to enhancing capability and efficiency for its customers. He noted that Microsoft is assisting clients in building their own AI systems and is focusing on strengthening trust through security, thereby transforming innovation into real-world impact across various industries.