Microsoft Q1 results top estimates amid ongoing cloud growth

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%.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• MP Materials seen largely insulated after China export-control move
• Morgan Stanley sees little room left in steel rally, cuts Cleveland-Cliffs rating