Microsoft’s Q3 net income jumped 32% to $36.6 billion, while revenue climbed 19% to $92.3 billion, driven by a 30% rise in Microsoft Cloud revenue to $63.9 billion.
Azure alone grew 48% in the quarter, and CFO Amy Hood said the company’s cloud services continue to outpace supply, fueling future revenue.
Meanwhile, the Devices and Consumer segment slid 3% to $15.5 billion, with Windows OEM down 22% and Xbox content down 2%.
On Monday, Chief People Officer Amy Coleman announced a voluntary exit offer that could see up to 60,000 employees—roughly a quarter of the global workforce—opt for buyouts by the first week of December.
Looking ahead, Microsoft projects December‑quarter revenue at $96–$97.1 billion, with Azure growth expected to hit 49–50% in constant currency, while capital expenditure will exceed $50 billion.
Microsoft’s CFO said the December‑quarter results will reaffirm the upward trajectory seen in Q3.