Microsoft Reports Q1 EPS of $3.30 on Revenue of $65.6 Billion, vs CIQ Analyst Consensus of $3.10/Share on Revenue of $64.5 Billion
Microsoft beats quarterly revenue estimate
Microsoft MSFT beat Wall Street estimates for first-quarter revenue on Wednesday as efforts to build out data center capacity and AI-driven demand boosted its cloud business.
Shares of the Redmond, Washington-based company rose about 2% in trading after market hours, having gained more than 15% so far this year on the back of a boom in artificial intelligence technologies.