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Microsoft’s earnings and revenue beat estimates

For the fiscal first quarter, Microsoft chalked in US$29.08 billion in revenue, higher than the US$27.90 billion expected by analysts.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
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Microsoft on Wednesday reported earnings that topped expectations, and its stock rose 4.8% in after-hours trading above the closing price of US$102.32.

For the fiscal first quarter, Microsoft chalked in US$29.08 billion in revenue, higher than the US$27.90 billion expected by analysts.

Earnings per share was at US$1.14, higher compared to US$0.84 per share in the same period a year ago. Analysts had expected earnings of US$0.96 per share.

The company saw strong double-digit growth from many of its core products, such as LinkedIn, and Office 365 productivity suite. The firm’s gaming sales grew by 44% year-on-year.

Microsoft’s cloud computing service Azure saw revenue up by 76%, slipping from the 89% growth in the earlier quarter. Analysts had been expecting an Azure slowdown, with Amazon’s cloud business growing slower. Azure is said to account for 7% of Microsoft’s total annual revenue, according to estimations from analysts at advisory firm Evercore.

For the second quarter, the company expects a US$31.9 billion to US$32.7 billion in revenue, including the contribution from GitHub.

Microsoft’s stock rose up to 4.8% in after-hours trading above the closing price of US$102.32 on Wednesday.

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