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Microsoft released Wednesday first quarter financial results above Wall Street expectations.
The company's shares rose slightly on news. After trading, Microsoft shares rose $ 1.68, or 1.6%, to $ 104.00.
Here is what he reported:
- Revenue for the first fiscal quarter: $ 29.1 billion. Analysts were looking for $ 27.92 billion. It posted $ 24.54 billion in the same quarter last year.
- Q1 fiscal earnings per share (EPS): $ 1.14. Wall Street was expecting 95 cents a share. In the first quarter of last year, the company had gained 84 cents per share.
The company did not immediately propose a forecast for its second quarter. Here's what analysts projected before the report:
- T2 tax revenue: $ 32.26 billion. During last year's vacation quarter, Microsoft achieved revenue of $ 25.83 billion.
- EPS T2 T2: $ 1.07. In the second quarter of last year, Microsoft had lost 82 cents per share, following a $ 13.8 billion charge related to the new federal tax law.
The company's shares closed regular trading down $ 5.78 per share, or 5.4%, to $ 102.32.
Although the results exceeded expectations, they did, however, raise at least one disappointment: revenues from Azure's cloud service grew by 76 percent a year. This represented a significant slowdown from the company's fourth quarter pace of 89% and was lower than anticipated by many analysts.
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