tech giant Microsoft On Tuesday, it announced a profit of 22 billion 291 million dollars in the first quarter It rose 27% year-on-year in fiscal 2024, driven largely by its smart cloud business.
The company reported a turnover of $56 billion 517 million in the three months ending September 30, an increase of 13% compared to the same period of the previous year. Microsoft Cloud segment alone generated 31.8 billion in revenue (24% more), the company said in a statement.
“We are rapidly injecting Artificial Intelligence (AI) into every layer of technology and we work to increase our customers’ productivity in every role and business process,” the firm’s chief executive, Satya Nadella, said in the memo.
Microsoft closed the 2023 fiscal year with a net profit of $ 72,361 millionA very slight decline, but in the quarter prior to the one reported today, accounts were already picking up pace thanks to the cloud and Azure service being once again one of the drivers of growth.
In the transcript published today, Azure, idle for two years, is the fastest growing serviceAlthough the company did not disclose exact figures, it generated 29% more revenue.
Azure is part of the Intelligent Cloud unit Along with other services such as GitHub or SQL Server, it generated a total of $24.26 billion in revenue, or 19% more.
Productivity and Business Processes unit Includes Office software and LinkedIn among other things – 13% more gainsPersonal Computing, which includes Windows, device sales and the Xbox video game console, entered 3% more.
This last unit is the only visible shadow in Microsoft’s businesses: the formerly centralized and hardware (hardware) division. Collections fell 22% this quarter.
Results announced at the close of Wall Street, exceeded analysts’ expectations The company’s shares rose 4% in electronic trading. Since the beginning of 2023, the stock market has gained 38 percent in value.