Microsoft Q1 results top estimates amid ongoing cloud growth

Investing.com
Updated
Mitrade
coverImg
Source: Shutterstock

Investing.com -- Microsoft reported Wednesday fiscal first-quarter results that topped Wall Street estimates, underpinned by growing cloud revenue amid a wave AI-related enterprise spending.


Microsoft Corporation (NASDAQ:MSFT) was slightly higher in afterhours trading Wednesday.

 

The company reported Q1 earnings per share of $3.3 on revenue of $40.59 billion. Analysts polled by Investing.com anticipated EPS of $5.21 on revenue of $40.18B.


Azure, Microsoft's cloud business grew 33%, in-line with analyst estimates of 33%.

 

 

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
2 Stock-Split Stocks to Buy Hand Over Fist in 2025 and 1 to AvoidThe first stock-split stock that can be purchased with confidence in the new year is arguably the most unique of all splits from 2024: satellite-radio operator Sirius XM Holdings (NASDAQ: SIRI).
Author  The Motley Fool
5 hours ago
The first stock-split stock that can be purchased with confidence in the new year is arguably the most unique of all splits from 2024: satellite-radio operator Sirius XM Holdings (NASDAQ: SIRI).
placeholder
U.S. stock market now worth $63.8 trillion after making history in 2024The U.S. stock market is now worth $63.8 trillion. In 2024, a year that defied expectations, the market added over $10 trillion in value. Think about it: that’s more than the combined GDP of many major economies.
Author  Cryptopolitan
10 hours ago
The U.S. stock market is now worth $63.8 trillion. In 2024, a year that defied expectations, the market added over $10 trillion in value. Think about it: that’s more than the combined GDP of many major economies.
placeholder
Prediction: 1 Stock That Will Be Worth More Than Palantir 3 Years From NowPalantir Technologies has been one of the hottest stocks on the market over the past couple of years, clocking eye-popping gains of more than 1,100% as of this writing thanks to its accelerating growth that's being driven by the booming demand for artificial intelligence (AI) enterprise software.
Author  The Motley Fool
10 hours ago
Palantir Technologies has been one of the hottest stocks on the market over the past couple of years, clocking eye-popping gains of more than 1,100% as of this writing thanks to its accelerating growth that's being driven by the booming demand for artificial intelligence (AI) enterprise software.
placeholder
Should You Buy Netflix Stock Before Jan. 6?2024 was another great year for investors. The S&P 500 and Nasdaq Composite gained 24% and 30%, respectively, thanks in large part to tailwinds fueled by artificial intelligence (A
Author  The Motley Fool
15 hours ago
2024 was another great year for investors. The S&P 500 and Nasdaq Composite gained 24% and 30%, respectively, thanks in large part to tailwinds fueled by artificial intelligence (A
placeholder
Meta to invest in AI-Generated characters and profiles raising concerns over fake accountsA Meta AI executive says Facebook could soon experience a surge of AI-created profiles and users.
Author  Cryptopolitan
Dec 31, 2024
A Meta AI executive says Facebook could soon experience a surge of AI-created profiles and users.