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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Microsoft Corporation | NASDAQ:MSFT | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 9.35 | 2.35% | 407.19 | 405.00 | 407.50 | 407.15 | 401.86 | 402.28 | 17,521,795 | 05:00:04 |
From May 2019 to May 2024
By Aaron Tilley
Microsoft Corp. said continued strength in its cloud-computing business helped deliver strong first-quarter earnings growth.
The technology giant on Wednesday reported earnings of $1.38 a share compared with $1.14 in the year-ago period. Analysts surveyed by FactSet had expected per-share earnings of $1.24. Revenue rose 13.6% to $33.06 billion, beating analysts projections.
The Redmond, Wash., company has enjoyed a strong period of higher earnings, in part because of Microsoft Chief Executive Satya Nadella's bet on cloud computing, a model where customers rent computing power instead of buying their own machines.
Revenue for Microsoft's commercial-cloud operations, which include Azure computing services, Office 365 tools and other cloud services, increased 36% to a record $11.6 billion.
Microsoft reported sales for its three main product areas in the quarter ahead of its guidance.
Microsoft Chief Financial Officer Amy Hood called it a strong start to the fiscal year.
Microsoft shares were 0.38% lower in after-hours trading.
(END) Dow Jones Newswires
October 23, 2019 16:55 ET (20:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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