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Microsoft reports Q1 revenue up 16% YoY to $65.6B, Microsoft 365 Commercial products and cloud services up 13%, LinkedIn up 10%, and net income up 11% to $24.7B

Microsoft Cloud Strength Drives First Quarter Results REDMOND, Wash. — October 30, 2024 — Microsoft Corp. today announced …

Microsoft

Discussion

  • @thetranscript_ @thetranscript_ on x
    A question on the OpenAI/Microsoft relationship: “We have been, I think everyone on the line, picking up signals that perhaps $MSFT wants to diversify somewhat at the model layer & offer customers choice. Satya, I'd love to get your framing of the relationship” The response: [vid…
  • @jrichlive Jeff Richards on x
    Not many $150B+ revenue businesses growing 22% y/y 💪🏼 $MSFT “Strong execution by our sales teams and partners delivered a solid start to our fiscal year with Microsoft Cloud revenue of $38.9 billion, up 22% year-over-year” https://www.microsoft.com/...
  • @thetranscript_ @thetranscript_ on x
    Microsoft double beat. CFO: “Strong execution by our sales teams and partners delivered a solid start to our fiscal year with Microsoft Cloud revenue of $38.9 billion, up 22% YoY” $MSFT: +1% AH [image]
  • @jordannovet Jordan Novet on x
    new: Microsoft is officially becoming less profitable because of expected losses at OpenAI. the company said today that other income and expense in Q4 should be -$1.5 billion, mainly because of its OpenAI holding https://www.cnbc.com/...
  • @zitron.bsky.social @zitron.bsky.social on bluesky
    Okay.  It's $10bn, right?  But AI isn't its own product category.  This revenue is booked within Microsoft 365 and azure revenue, so that's what, $2.5bn a quarter of extra revenue for $19-20bn capex?  How much does it cost to service this revenue?  They lost $683m on OpenAI alone…
  • @fxshaw Frank X. Shaw on x
    Today, Microsoft reported Q1 results - a solid start to FY25. We also shared that our all-up AI business is on track to surpass an annual run rate of $10 billion in Q2. This will make it the fastest business in our history to reach this milestone. :) https://microsoft.com/...
  • @stockmktnewz Evan on x
    Microsoft $MSFT just said its AI business will surpass a $10 Billion annual run rate next quarter [image]
  • @gsterling Greg Sterling on x
    Nobody's making money with AI? Microsoft is. https://www.axios.com/...
  • @inafried Ina Fried on x
    New: Kicking off earnigns call, @satyanadella said that Microsoft's AI business, all told, is set to be at a $10 billion annual run rate next quarter, making it the company's fastest growing business to reach that milestone.