Microsoft hits 10 quarters of record- breaking revenue in a row
Microsoft reported its tenth consecutive quarter of record revenue, reaching $92.3 billion, driven largely by growth in its cloud computing division. The company continues to invest heavily in AI infrastructure while seeing significant revenue contributions from OpenAI.
Why it matters
Microsoft's sustained growth highlights the massive scale of corporate investment in AI and the central role of cloud providers in the current tech economy.
Whatever the future of AI might be, the current situation is still very good for Microsoft. The tech giant reported yet another quarterly revenue record on Wednesday: $92.3 billion , a 19% increase over the year-ago quarter.
Microsoft has now reported record-breaking revenue for 10 quarters in a row .
This is profitable revenue, too. Microsoft reported that net income reached $36.6 billion, an increase of 32% on a GAAP basis, over the year-ago quarter.
The record-breaking income was largely driven on the strength of Microsoft Cloud, which reached $63.9 billion in revenue this quarter, an increase of 30% over the year-ago quarter, Microsoft said.
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