Microsoft Beats Quarterly Forecasts as Revenue Jumps to $92.3B

Technology giant Microsoft beat analyst expectations in its fiscal first quarter, news agency Reuters and Israeli financial daily Calcalist reported. The company's revenue surged 19% year-over-year to $92.3 billion, driven by a 48% jump in Azure cloud revenue, which reached $33.2 billion.

Net income rose 32% to $36.6 billion, alongside an operating income of $45.9 billion. Free cash flow surged to $18.6 billion, significantly beating market expectations of roughly $8.54 billion.

Meanwhile, the company's capital expenditures totaled $45.2 billion, up from $34.9 billion in the prior-year period but below internal projections of $50 billion. Further details have not yet been released.