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Microsoft Cloud revenue for the quarter was $38.9 billion, up 22%, with a gross margin of 71% -- meaning that high-margin cloud revenue now makes up 59% of total revenue.
Microsoft touches virtually all areas of worldwide technology today. Its software powers personal and enterprise computer systems. Azure, its cloud platform, is a foundation for the internet.
Microsoft also announced that it authorized a new share repurchase program worth up to $60 billion in addition to its current program, which had $10.3 remaining as of June 30.
Leading in sales for the quarter was Microsoft’s productivity business segment, which includes its Office suite of email and other workplace products, growing 12% to $28.3 billion. Microsoft’s cloud-focused business segment grew 20% from the same time last year to $24.1 billion for the three months ending Sept. 30.
If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Amazon: if you invested $1,000 when we ...
On April 25, 2019, Microsoft made market history when it was valued at $1 trillion for the first time. ... Microsoft’s net worth as of the quarter ending June 30, 2023, was $205.75 billion ...
In April 2024, Microsoft made a $1.5 billion investment in the Emirati AI firm G42. As part of the deal, G42 said it would use the Microsoft Azure platform for its AI development and deployment. [179] [180] Later that month, Microsoft unveiled plans to invest $1.7 billion in developing AI and cloud infrastructure in Indonesia. The plan includes ...