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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 segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment is composed of products and services relating to productivity, communication, and information services such as Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of public, private, and hybrid server products and cloud services for businesses and developers, as well as enterprise and partner services. The More Personal Computing segment refers to products and services including Windows operating system, Windows cloud services, Surface, HoloLens, personal computer accessories, Xbox hardware, Xbox Cloud Gaming, Microsoft News, and Microsoft Edge. The company was founded by Paul Gardner Allen and William Henry Gates, III in 1975 and is headquartered in Redmond, WA.