Microsoft reveals strong cloud growth amid financial reporting overhaul

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Microsoft just posted the first quarter of its 2027 fiscal financial results. The software maker made $92.3 billion in revenue and a net income of $33.6 billion during Q1. Revenue is up 19 percent, and net income has increased by 32 percent. It's a new financial year for Microsoft, so the company is changing up how it reports its finances by splitting its businesses into two segments for the first time.