""We are focused on delivering cloud and AI infrastructure and solutions that empower every business to eval-max their outcomes in the agentic computing era," Microsoft CEO Satya Nadella said in the press release."
""Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.""
"Microsoft 365 Copilot saw growth as well, with paid seats jumping from 15 million in the previous quarter to 20 million."
Microsoft reported a 33% decline in Xbox hardware revenue and a 5% drop in Xbox content and services. Executive turnover has impacted the gaming division, with Asha Sharma now leading efforts to redefine Xbox's identity. The company has seen significant growth in its cloud business, generating $54.5 billion in revenue, a 29% increase year-over-year. AI initiatives have also flourished, with an annual revenue run rate of $37 billion, up 123%. Microsoft 365 Copilot's paid seats increased from 15 million to 20 million, reflecting ongoing productivity enhancements.
Read at The Verge
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