{
  "id": 16954125,
  "title": "Microsoft reveals strong cloud growth amid financial reporting overhaul",
  "url": "https://urgent.news/2026/10/28/microsoft-reveals-strong-cloud-growth-amid-financial-reporting",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-28T20:20:00.000Z",
  "source": {
    "name": "The Verge",
    "slug": "the-verge",
    "url": "https://www.theverge.com/tech/1020785/microsoft-earnings-revenue-q1-2027"
  },
  "original_language": "en",
  "account": "Microsoft's first quarter of its 2027 fiscal results revealed strong cloud growth. The company reported $92.3 billion in revenue, with a net income of $33.6 billion. Revenue increased by 19 percent, and net income rose by 32 percent. Microsoft is now reporting finances by splitting its businesses into two segments: Agents and Infra, which includes Azure, Microsoft 365 commercial and consumer, and server products; and Devices and Consumer, which includes Windows, Xbox, Surface, and search and advertising businesses. Agents and Infra made up 83 percent of Microsoft's revenue, with Azure alone contributing $33.17 billion in revenue, a 48 percent increase year-over-year. Devices and Consumer revenue decreased by three percent. Windows OEM and devices revenue decreased 22 percent year-over-year, suffering from the RAMageddon crisis and the end of Windows 10 support. Xbox hardware revenue declined 14 percent, while Xbox content and services revenue decreased 2 percent. Despite these challenges, Microsoft's cloud revenues led the earnings show, contributing $63.9 billion or almost 70 percent of the company's revenue. Azure revenue grew 30 percent year-over-year, Microsoft 365 commercial cloud revenue increased 18 percent, and Microsoft 365 consumer cloud revenue grew 17 percent. Microsoft will hold an earnings call at 2:30PM PT / 5:30PM ET to discuss these results.",
  "summary": "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 […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Microsoft’s cloud growth accelerates, and so too does the spending",
        "url": "https://urgent.news/2026/10/28/microsofts-cloud-growth-accelerates-and-so-too-does-the-spending",
        "published": "2026-10-28T20:38:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}