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 Ultimate Growth Stocks to Buy With $1,000 Right NowArtificial intelligence (AI) is touted as one of the most important themes on Wall Street, and the technology sector continues to be a major beneficiary of this trend. Many AI-powered stocks have seen significant upward price movements in the past couple of years. Since AI technologies are driving a paradigm shift across sectors, companies leveraging them will continue to see share prices grow in the long run.
Author  The Motley Fool
21 hours ago
Artificial intelligence (AI) is touted as one of the most important themes on Wall Street, and the technology sector continues to be a major beneficiary of this trend. Many AI-powered stocks have seen significant upward price movements in the past couple of years. Since AI technologies are driving a paradigm shift across sectors, companies leveraging them will continue to see share prices grow in the long run.
placeholder
3 Technology Stocks to Buy Hand Over Fist in NovemberOver the past year, artificial intelligence (AI) has captivated companies and investors, showing the potential to drive the next wave of economic growth.Among the prospective benef
Author  The Motley Fool
22 hours ago
Over the past year, artificial intelligence (AI) has captivated companies and investors, showing the potential to drive the next wave of economic growth.Among the prospective benef
placeholder
Billionaires Bill Gates, Jeff Bezos, and Sam Altman Are Investing in Nuclear Energy Hand Over Fist. Should You?Like Bezos, Gates no longer runs the company he helped found but is still Microsoft's chairman of the board. Microsoft is investing in nuclear energy through a deal with Constellation Energy (NASDAQ: CEG) to reboot the Three Mile Island nuclear plant. The tech giant wants more electricity to power its data centers.
Author  The Motley Fool
Nov 11, Mon
Like Bezos, Gates no longer runs the company he helped found but is still Microsoft's chairman of the board. Microsoft is investing in nuclear energy through a deal with Constellation Energy (NASDAQ: CEG) to reboot the Three Mile Island nuclear plant. The tech giant wants more electricity to power its data centers.
placeholder
What Trump's Victory Means for Intel StockLike much of the stock market on Wednesday, Intel (NASDAQ: INTC) shares soared along with broad gains in tech and chips stocks. Investors applauded Donald Trump's election victory Tuesday night, expecting tax cuts and looser regulations to encourage business investment and profit growth.
Author  The Motley Fool
Nov 11, Mon
Like much of the stock market on Wednesday, Intel (NASDAQ: INTC) shares soared along with broad gains in tech and chips stocks. Investors applauded Donald Trump's election victory Tuesday night, expecting tax cuts and looser regulations to encourage business investment and profit growth.
placeholder
Better AI Stock: Datadog vs. SnowflakeDatadog (NASDAQ: DDOG) and Snowflake (NYSE: SNOW) both help companies optimize their businesses with AI-powered applications. Datadog collects diagnostic data from a wide range of software applications, aggregates that information onto its unified dashboards, then feeds it all to its Bits AI generative AI platform.
Author  The Motley Fool
Nov 11, Mon
Datadog (NASDAQ: DDOG) and Snowflake (NYSE: SNOW) both help companies optimize their businesses with AI-powered applications. Datadog collects diagnostic data from a wide range of software applications, aggregates that information onto its unified dashboards, then feeds it all to its Bits AI generative AI platform.