Microsoft Beats Q1 Estimates with Azure's AI-Driven Growth Surging Past Expectations
AI Summary1 min read
TL;DR
Microsoft's Q1 earnings and revenue beat estimates, driven by Azure's 40% YoY growth. The company forecasts strong Q2 revenue.
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MicrosoftQ1 earningsAzure growthAI-drivenrevenue forecast
Microsoft reported Q1 earnings of $4.13 per share, beating forecasts of $3.66 per share, and revenue of $77.67 billion, exceeding expectations of $75.32 billion. The company's cloud division, Azure, grew 40% YoY, surpassing analyst projections of 38%. Microsoft expects Q2 revenue of $79.5 billion to $80.6 billion.
