Microsoft on October 28, 2026, announced results for its fiscal 2027 first quarter, ended September 30, 2026, reporting revenue of $92.3 billion, up 19% year over year, and net income of $36.6 billion, up 32% on a GAAP basis. Azure revenue increased 48%. Operating income was $45.9 billion and increased 21%, or 22% in constant currency. Diluted earnings per share was $4.92, up 32% on a GAAP basis. On a non-GAAP basis, which excludes the impact from investments in OpenAI, net income was $36.4…