Key Points
- Microsoft's revenue increased by 18%
- Cloud revenue is growing
- Xbox is still experiencing a downturn
By the Numbers
Microsoft announced its earnings for the fiscal quarter ending June 30. The company's revenue increased by approximately 18% year-over-year to $90.01 billion. Cloud revenue is growing, but the Xbox division is still experiencing a downturn.
The company's cloud segment generated $39.31 billion in revenue, with Azure growing by 31.6%. However, the gaming and hardware divisions continue to decline, with Xbox content and services revenue decreasing by 10% and hardware sales declining by 13%. Microsoft CEO Nadella stated that they have made necessary decisions to prepare the Xbox business for long-term growth and expect the gaming division to return to growth in the fiscal year 2027.
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Frequently Asked Questions
- How much did Microsoft's revenue increase?
- Microsoft's revenue increased by 18%
- What is happening with cloud revenue?
- Cloud revenue is growing
- What is happening with Xbox?
- Xbox is still experiencing a downturn
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