Microsoft Beats Q1 FY27 Estimates as Azure Revenue Reaches $33.2 Billion

Here are Microsoft's Q1 FY2027 financial results (ended September 30).

Revenue was 92.3B, up 19% year-over-year — beating market expectations (around90.6B–$90.75B).
Operating income was $45.9B (+21%), and net income was $36.6B (+32% GAAP).
Earnings per share (EPS) was $4.92 (GAAP) and 4.89 excluding the impact of the OpenAI investment, surpassing expectations of4.71–$4.72.
It was driven by the cloud. Microsoft Cloud revenue was $63.9B (+30%), and Azure revenue reached $33.2B (+48%) — marking the first quarter where the dollar amount for Azure revenue was officially disclosed.
Following the announcement, the stock price rose by around 4% in after-hours trading.