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Microsoft announced first quarter results on October 28, 2026, reporting total revenue of $92.3 billion, a 19% increase. Azure revenue grew 48% to $33.2 billion, while operating income rose 21% to $45.9 billion. Net income reached $36.6 billion, up 32% on a GAAP basis, driven by a $207 million gain from OpenAI investments.
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Summary by ByteBrief

Microsoft's Profit Jumps 32% Despite Big Increase in Spending

IBM reports Q3 revenue up 5% YoY to $17.1B, above $16.82B est., net income up 26% to $2.19B, software revenue up 8% to $7.8B, and infrastructure revenue up 4% (Elias Schisgall/Wall Street Journal)
VinFast Revenue Jumps 85.5% to $1.2 Billion