Microsoft revenue up 19% in July-September period; Azure up 48% driven by AI demand
Microsoft's July-September financial results were strong, with revenue up 19% and net profit up 32% year-on-year. After reorganizing into two divisions, growth accelerated in the cloud-focused division with Azure up 48%. While Copilot and AI development platform usage is expanding, capital expenditures are expected to exceed $50 billion in the next period.
Microsoft's financial results for the July-September period showed revenue increasing by 19% compared to the same period last year, while net profit increased by 32%. Following a reorganization into two business divisions, growth accelerated in the cloud-focused division, with Azure increasing by 48%.
The use of Copilot and AI development platforms is also expanding. The company expects to increase capital expenditures to over 50 billion dollars in the next period.
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