Microsoft reports Q1 results with revenue, net income increases
SAN FRANCISCO, Oct. 30 (Xinhua) -- Microsoft on Wednesday posted a revenue of 77.7 billion U.S. dollars for the first quarter of its 2026 fiscal year Kenya breaking news | Kenya news today |..
✨ Key Highlights
Microsoft reported strong financial results for the first quarter of its 2026 fiscal year, exceeding expectations with significant increases in revenue, net income, and operating income. The growth was largely driven by its cloud and AI initiatives, as highlighted by CEO Satya Nadella.
- Microsoft's revenue for Q1 FY2026 reached $77.7 billion, an 18 percent increase year-on-year, with a net income of $27.7 billion, up 12 percent.
- CEO Satya Nadella emphasized the impact of the company's "planet-scale cloud and AI factory" on driving growth and future investments.
- Microsoft Cloud revenue was $49.1 billion, marking a 26 percent increase, demonstrating strong customer demand for their differentiated platform.
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Microsoft and Equity Group Report Profit Growth; Boeing Faces $5bn Penalty for Delays - October 2025
Microsoft reported strong financial results for its first fiscal quarter of 2026, with significant increases in revenue and net income that exceeded expectations. The growth was largely driven by its cloud and AI initiatives, as highlighted by CEO Satya Nadella. Similarly, Equity Group's net profit rose 32 percent to Sh54.1 billion in the third quarter. In contrast, Boeing is set to face a $5 billion financial blow in penalties due to production delays of its new 777X aircraft. The anticipated delivery for the jet has been pushed back to 2027 because of regulatory hurdles.
