Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023.
Ben Kriemann | Getty Images
Microsoft reported better-than-expected results for its fiscal first quarter as revenue in the company’s Azure cloud business jumped 40%. The stock slipped in extended trading.
Earnings per share: $4.13 adjusted per share vs. $3.67 per share expected
Revenue: $77.67 billion vs. $75.33 billion expected
Revenue increased 18% in the fiscal first quarter from $65.6 billion a year ago, according to a release. Net income increased to $27.7 billion, or $3.72 per share, from $24.67 billion, or $3.30 per share, during the same period last year.
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