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Microsoft's revenue rose 16% year-over-year to $65.6 billion, with cloud revenue up 22% to $38.9 billion. The company increased its dividend by 10% to $0.83 per share, marking 23 years of growth.

On October 30, Microsoft reported Q1 revenue of $65.60 billion, a 16% year-over-year increase, and earnings per share of $3.30, surpassing estimates.

Microsoft is collaborating with GE Aerospace and Accenture to develop generative AI-powered aviation solutions, focusing on improving access to maintenance records for airlines and lessors.

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About Microsoft Corp.

Microsoft Corp engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.