Technology firm Microsoft posted its quarterly earnings on Wednesday, showing strong growth, as per an official press release.
The update comes after the company rolled out the Maia Accelerator 200, a superchip meant to be used to power AI workloads.
Revenue for the quarter was $81.3 billion, up by 17%. Net income and operating income were $38.5 billion and $38.3 billion, respectively.
“We are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises,” said Microsoft CEO Satya Nadella.
“We are pushing the frontier across our entire AI stack to drive new value for our customers and partners.”
In 2025, Microsoft inked a $9.7 billion deal with IREN.
At the time of writing, Microsoft shares were trading at $424.72, down by 11.82%.