Microsoft reveals strong cloud growth amid financial reporting overhaul
Microsoft posted Q1 FY2027 results showing $92.3 billion in revenue and $33.6 billion in net income, both up significantly from prior year. The company implemented a major financial reporting reorganization, replacing its previous three segments (Productivity and Business Processes, Intelligent Cloud, More Personal Computing) with two new segments: Agents and Infra (which includes Azure) and Devices and Consumer.
Key points
- Q1 FY2027 revenue $92.3B, up 19% YoY
- Net income up 32% to $33.6 billion
- Restructured into 2 business segments for reporting
- Azure included in new Agents and Infra segment
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