Microsoft Earnings
Microsoft on Wednesday reported an earnings and revenue beat for the fiscal first quarter, as the company’s Azure cloud infrastructure business grew faster than predicted.
Microsoft’s revenue grew 16% year over year in the quarter, which ended Sept. 30, according to a statement. Net income, at $24.67 billion, was up from $22.29 billion in the year-ago quarter.
Revenue from Azure and other cloud services was up 33%, surpassing estimates.
Microsoft has revised its segment reporting practices, resulting in a considerably bigger productivity and business practices unit.
Stock is flat in extended trading
$MSFT Microsoft Q1 FY25 (ending in Sept.):
Azure +34% Y/Y fx neutral (vs. 30% in Q4).
• Revenue +16% Y/Y to $65.6B ($1.0B beat).
• Gross margin 69% (-2pp Y/Y)
• Operating margin 47% (-1pp Y/Y).
• EPS $3.30 ($0.19 beat).
Microsoft’s revenue grew 16% year over year in the quarter, which ended Sept. 30, according to a statement. Net income, at $24.67 billion, was up from $22.29 billion in the year-ago quarter.
Revenue from Azure and other cloud services was up 33%, surpassing estimates.
Microsoft has revised its segment reporting practices, resulting in a considerably bigger productivity and business practices unit.
Stock is flat in extended trading
$MSFT Microsoft Q1 FY25 (ending in Sept.):
Azure +34% Y/Y fx neutral (vs. 30% in Q4).
• Revenue +16% Y/Y to $65.6B ($1.0B beat).
• Gross margin 69% (-2pp Y/Y)
• Operating margin 47% (-1pp Y/Y).
• EPS $3.30 ($0.19 beat).
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