Microsoft reported robust financial performance in the first quarter of its 2024 fiscal year, driven by AI and cloud growth. Despite PC sales weakness, the company posted a 13% increase in overall revenue at $56.5 billion and a net income of $22.3 billion, up 27%. Microsoft's AI strategy, which includes flagship tool Copilot, is boosting Productivity and Business Processes revenue, which reached $18.6 billion, with continued growth expected. The company is rapidly infusing AI across its offerings. In the Intelligent Cloud segment, revenue rose 19% to $24.3 billion, with Azure and other cloud services up 29%, surpassing Google Cloud's growth. Microsoft's AI services are deployed widely, and it has a comprehensive cloud footprint with over 60 data center regions worldwide. While some segments saw double-digit growth, Microsoft's More Personal Computing segment had a more modest 3% revenue increase, with PC shipments declining.