Microsoft Azure revenue growth accelerates in Q2

Microsoft said Azure delivered revenue growth of 30% in its fiscal second quarter and CEO Satya Nadella noted that moved from “talking about AI to applying AI at scale.”

The company reported second-quarter net income of $21.9 billion, or $2.93 a share, on revenue of $62 billion, up 18% from a year ago. Wall Street was looking for fiscal second quarter revenue of $61.12 billion with non-GAAP earnings of $2.78 a share.

CFO Amy Hood noted that Microsoft Cloud revenue was $33.7 billion, up 24% from a year ago due to “strong execution by our sales teams and partners.”

Microsoft said revenue in its productivity and business processes unit was $19.2 billion, up 13% from a year ago, with Office commercial and cloud services revenue gaining 15%. Dynamics had revenue growth of 21%.

For the Intelligent Cloud unit, powered by Azure, second quarter revenue was up 20% from a year ago. The personal computing division saw Windows revenue gain 9% from a year ago.  

Azure revenue in the second quarter accelerated sequentially.

Also see: How Generative AI Has Supercharged the Future of Work | Generative AI articles | Why you need a Chief AI Officer | Software development becomes generative AI’s flagship use case | Enterprises seeing savings, productivity gains from generative AI | Work in a generative AI world will need critical, creative thinking


More from this stream


Cori Korn Joins Schmidt Associates as New Business Development Representative

Indianapolis – Schmidt Associates, a leading Midwest architectural and engineering firm, is thrilled to announce the addition of Cori Korn, CFRM to the position of business development...

‘Container throughput rises in March’

The Northwest Seaport Alliance’s (NWSA) has reported that container volumes reached 261,495 TEU in March, marking an 8.5 per cent growth over the same month in 2023. Year-to-date (YTD) volume...

Get Discounts on Sustainable Tech and Home Products with Earth Day Deals 2024

Avocado is currently offering significant savings on its range of organic, vegan, and eco-friendly mattresses. Customers can save as much as $1,650 on the Green and Luxury mattresses. In addition to...

Powerful Image Editing Tool for Professionals and Hobbyists, the official website of GNU Image Manipulation Program (GIMP), continues to be one of the go-to resources for image editing enthusiasts worldwide. With its robust feature set and...

New Space Combat Standards Set by Star Wars Outlaws

Massive Entertainment’s latest venture into the Star Wars universe, Star Wars Outlaws, promises an exhilarating space combat experience that’s both accessible and action-packed. Julian Gerighty, the......

Delivering Dynamic News and Entertainment to the Audience

NDR, short for Norddeutscher Rundfunk, is a prominent public broadcasting organization based in Northern Germany. As part of their commitment to providing reliable news and engaging content to their...