Microsoft posts higher quarterly revenue and cloud growth
Microsoft reported first-quarter fiscal 2027 revenue of $92.3 billion, up 19 per cent from a year earlier and above analyst forecasts. Net income rose to between $33.6 billion and $36.6 billion, with sources giving different figures. Azure cloud revenue grew 48 per cent to about $33.2 billion. Free cash flow reached $18.6 billion, and shares rose about 2.6 to 4 per cent in extended trading. CEO Satya Nadella introduced lower-cost AI models and the Copilot Cowork agent.