Technology
Azure grows 48% as Microsoft opens its fiscal year with $92.3bn in revenue
Microsoft reported fiscal first-quarter revenue of $92.3bn, up 19%, with operating income of $45.9bn and net income of $36.6bn. Microsoft Cloud brought in $63.9bn and Azure grew 48%, and chief financial officer Amy Hood said results exceeded expectations on revenue, operating income and earnings per share. OpenAI investments added $207m to net income this quarter, against a $3.1bn drag a year earlier.