Microsoft posts Q1 earnings, revenue as cloud system boosts

Microsoft posts Q1 earnings, revenue as cloud system boosts

On Tuesday, Microsoft reported its quarter one financial results that beat experts’ forecast majorly due to its cloud business operations. The US-based tech giant posted revenue of $37.20 billion and EPS (earnings per share) of $1.82 as compared to the predicted $1.54 EPS on revenue of $35.76 billion. 

 

The firm rose around 1% in the after-market session after the reports. The venture announced a rise in revenue through business processes and productivity, adding 11% to $12.3B. Microsoft’s cloud business arm, Azure, surged at a growth rate of 48% in the current quarter as compared to 47% in Q2. 

 

The American tech firm’s shares are trading at $212.66, 35% above from the starting of 2020, down from it 52 weeks high. The company is performing better than the NASDAQ 100, which is 32.82% this year. 

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