Microsoft reveals strong cloud growth amid financial reporting overhaul
Microsoft just posted the first quarter of its 2027 fiscal financial results. The software maker made $92.3 billion in revenue and a net income of $33.6 billion during Q1. Revenue is up 19 percent, and net income has increased by 32 percent.
It’s a new financial year for Microsoft, so the company is changing up how it reports its finances by splitting its businesses into two segments for the first time. Gone are the previous segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. It’s now just Agents and Infra, and Devices and Consumer.
Agents and Infra, which includes businesses like Azure, Microsoft 365 commercial and consumer, and server products, makes up 83 percent ($76.8 billion) of the overall $92.3 billion of Microsoft’s revenue and has increased 25 percent year-over-year.
The big changes to Microsoft’s financial reporting also mean we will now see the company disclose Azure revenue...
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