Microsoft Q1 results top estimates amid ongoing cloud growth
Trending Articles- Gold Price Forecast: U.S.-Iran Negotiations Face Uncertainties, Gold May Fall Below $4,400
- Gold declines to near $4,500 as renewed US‑Iran tensions, Fed tightening bets weigh
- Gold Falls Below $4,400 for First Time in Two Months. Institutions Lower Gold Price Forecasts as Market Expects PCE to Approach 4%
- Forex Today: Yet to be confirmed US-Iran MOU caps US Dollar's upside
- Bitcoin loses $73,000 as US-Iran escalation, ETF outflows deepen crypto market sell-off
- Gold edges higher above $4,550 on US-Iran peace optimism
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%.
Read more
* 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.
