Microsoft's FY27 Q1 revenue rises 19% to $92.3 billion; Azure grows 48%

Microsoft reported revenue of $92.3 billion for its first fiscal quarter of 2027, up 19% year over year, while Azure revenue rose 48%. GAAP net income rose 32% to $36.6 billion. Excluding the impact of OpenAI investments, non-GAAP net income rose 18% to $36.4 billion. Revenue in its Devices and Consumer segment fell 3% to $15.5 billion.