Microsoft smashed the forecasts; cloud revenue soared by 50%

Microsoft published financial reports for the first quarter of 2027 with revenue of $92.6 billion and earnings per share of $4.89, above the forecasts. The Azure cloud division recorded revenue of $33.17 billion, a growth of 48%. The stock is up about 5% in late trading.

Microsoft published this evening (Wed.) its financial results for the first quarter of fiscal year 2027, beating analysts' forecasts. Revenue totaled $92.6 billion, above the expectation of about $90.64 billion, and earnings per share were $4.89 versus a forecast of $4.73. For the first time, the company disclosed the revenue of its Azure cloud division in financial terms: $33.17 billion for the quarter, an increase of 48% compared with the corresponding period. In response, Microsoft's stock is jumping about 5% in late trading. The reports are published two days after the company offered a voluntary retirement plan to about 60,000 employees, about 27% of its workforce. Investors will also focus on the pace of Copilot adoption, on the commitments to OpenAI and Anthropic, and on the forecasts going forward.