The company’s revenue rose 13% to $56.5 billion in the quarter ended in September.
Microsoft beat Wall Street estimates on Tuesday for its first quarter earnings. This was driven by a overall growth in software especially in the cloud and to companies.
The company’s revenue increased by 13% to $56.5 billion in the quarter ended in September, compared to analysts’ consensus estimate of $54.52 billion, according to LSEG data. Shares of the Redmond, Washington-based company They gained almost 6% in post-close trading of the US market.
The income of Microsoft’s Intelligent Cloud unitt, which contains the Azure cloud platformgrew to $24.3 billion, compared with analysts’ estimate of $23.49 billion, LSEG data showed. Azure revenue increased 29%, higher than the 26.2% growth estimate from market research firm Visible Alpha. The company does not break down the absolute figure for Azure billing, the part of Microsoft’s business best placed to capitalize on the growing interest in the artificial intelligence.
Microsoft also saw growth in its video game sales
For Microsoft, its gaming division headed by Xbox grew 9% last quarter, with sales of US$3.9 billion. In the same framework, if they noticed that the Hardware sales fell 7%.
Growth was guided by the launch of Starfieldthe most important game for Xbox this year and which was crowned the best-selling video game in the United States in September. Sales of Xbox content and services grew 13% last quarter.
Source: Ambito
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