Microsoft posts $36.6bn profit
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TheStreet provides live coverage of Microsoft Corporation's Q1 2027 earnings call. See updates of $MSFT stock's latest earnings and stock forecast.
Alphabet and Microsoft reported strong earnings fueled by growing AI demand, even as the tech giants continue investing billions in data centers and cloud infrastructure.
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OpenAI generated $10 billion in revenue for Microsoft in the quarter ended Sept. 30, about 11% of Microsoft's total, according to the company's quarterly filing. That's more than Microsoft made in the quarter from Xbox,
Whatever the future of AI might be, the current situation is still very good for Microsoft. The tech giant reported yet another record for quarterly revenue on Wednesday: $92.3 billion, a 19% increase over the year-ago quarter.
The company’s free cash flow stayed positive in the last quarter even as it spent $45.2 billion on data centers and offered to pay workers to leave.
Shares of CoreWeave, Nebius and IREN fell as Microsoft's lower-than-expected capex figure points to infrastructure partners taking longer to deliver capacity.
