Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services.
Microsoft announced Q1 2020 earnings on Wednesday reporting a revenue of $33.1 billion versus $32.2 billion expected based on consensus estimates from Bloomberg. Adjusted EPS of $1.38 was reported above expectations at $1.24.
The Company’s investment in its Azure cloud services over the last few years has generated significant revenue, the growth though appears to be slow as Microsoft reported revenue growth for Azure of 59% year over year, in comparison to 64% year over year last quarter. Intelligent cloud division reported a revenue of $10.85 billion with a 27% increase year over year versus $10.44 billion expected. Microsoft’s Personal Computing division generated $11.1 billion, Windows OEM revenue was up by 9%, Windows Commercial Products and Cloud were up by 26%, and revenue from its Office division increased by 5%.
The company’s stock dropped 0.54% after the announcement.
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