Microsoft Results Beat in Q1 as Momentum in Cloud Revenue Continues By

By Yasin Ebrahim

- Microsoft (NASDAQ:MSFT) reported Tuesday first quarter results that beat analysts' forecasts as its cloud business continued to flourish underpinned by the rapid pace of digital transformation.  

Microsoft shares gained 1.20% in after-hours trade following the report.

Microsoft announced earnings per share of $2.27 on Huitong Foreign exchangerevenue of $45.32 billion. Analysts polled by anticipated EPS of $2.07 on revenue of $43.93 billion.

Revenue in productivity and business processes was up 22% to $15.0 billion, driven by jump in consumer and commercial products, while LinkedIn revenue increased 42%. 

The intelligent cloud business, which includes cloud business Azure, grew 31% to $17.0 billion.

The company said Azure grew 50% in the quarter, compared with estimates for 46%.

Revenue in more personal computing was up 12% to $13.3 billion

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