Microsoft Shares Rise 2.9% After Earnings Beat, Azure Grows 48%

Microsoft shares added 2.9% in Wednesday’s after-hours session, reaching $546.30 by 8 p.m. ET (0000 UTC Thursday), after quarterly revenue and adjusted earnings exceeded analyst estimates. Microsoft reported $92.3 billion in revenue for the fiscal first quarter ended Sept. 30, up 19% from a year earlier. Adjusted earnings were $4.89 per share, above the $4.73 consensus from 35 analysts; revenue also exceeded the $90.69 billion consensus. GAAP earnings were $4.92 per diluted share. Microsoft’s non-GAAP measure excludes the impact of its OpenAI investments.

Source: TokenPost