Net income also increased by 9 percent to $18.3 billion, according to an April 25 press release from Microsoft.
Three more things to know about Microsoft’s first-quarter performance:
- Microsoft’s operating income increased by 10 percent to $22.4 billion.
- Microsoft’s productivity and business processes revenue increased by 11 percent to $17.5 billion.
- Microsoft’ cloud revenue increased by 22 percent to $28.5 billion.
The financial report comes after Microsoft expanded its partnership with EHR vendor Epic Systems. The companies will work together to develop and integrate generative AI into Epic’s EHR software
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
