Microsoft jumps 32% in profit on the strength of its AI business
Microsoft reported a profit of $36.629 billion in its first fiscal quarter of 2027, up 32% year on year, on revenue of $92.279 billion, up 19%. Microsoft Cloud revenue grew 30% to $63.9 billion and Azure contributed $33.165 billion, up 48%. The company plans to invest $175 billion in AI during fiscal 2027. Its futures rose 3% in off-market trading. The company is preparing a voluntary exit plan for 60,000 workers.
















