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

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