Microsoft Corporation said on Wednesday its revenue in the second quarter of fiscal 2025 amounted to $69.6 billion, jumping 12% compared to the same period a year earlier and topping analysts' estimates. However, the tech giant's intelligent cloud revenue missed estimates, despite climbing 19% to $25.5 billion, while Azure revenue growth was down to 31%, compared to 33% in the previous quarter.
Net income rose 10% year on year to $24.1 billion, or $3.23 per diluted share, and operating income surged 17% to $31.7 billion.
"We are innovating across our tech stack and helping customers unlock the full ROI of AI to capture the massive opportunity ahead," CEO Satya Nadella stated. "Already, our AI business has surpassed an annual revenue run rate of $13 billion, up 175% year-over-year," he added.
Microsoft's stock slipped 3.73% in after-hours trading on weaker-than-expected Intelligent Cloud and Azure revenue growth.
