Microsoft’s first-quarter earnings exceed expectations

2023-04-25 22:19:20

The American software and technology company, Microsoft, announced on Tuesday that its quarterly profits increased by 7% annually to $52.9 billion, thanks to the strong growth of cloud computing infrastructure services.

The company achieved profits during the first quarter of $18.3 billion, an increase of 9% annually.

Microsoft said that its revenue from the Azure platform and other cloud computing services during the first quarter increased by 27% annually.

Microsoft’s results exceeded analysts’ expectations, which led to a 5% rise in its share price in informal following-hours trading.

1682466638
#Microsofts #firstquarter #earnings #exceed #expectations

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.