Microsoft reports quarterly revenue up 19% to $92.3 billion

Microsoft said revenue for its fiscal first quarter rose 19% to $92.3 billion and operating income rose 21% to $45.9 billion. Net income was $36.6 billion, up 32% on a GAAP basis, with diluted EPS of $4.92 on a GAAP basis. Microsoft Cloud revenue was $63.9 billion, up 30%, and "Azure revenue increased 48%". Commercial remaining performance obligation "increased 73% to $677 billion".