In this article

MSFT

Follow your favorite stocks CREATE FREE ACCOUNT

Microsoft reported better-than-expected results for its fiscal first quarter as revenue in the company's Azure cloud business jumped 40%.

The stock slipped almost 4% in extended trading after finance chief Amy Hood said growth in capital expenditures will accelerate this fiscal year.

Earnings per share: $3.72 vs. $3.67 per share expected

Revenue: $77.67 billion vs. $75.33 billion expected

Revenue increased 18% in the fiscal first quarter from $65.6 billion a year ago, according to a release. Net income rose to $27.7 billion from $24.67 billion, or $3.30 per share, during the same period last year.

Microsoft said its investment in OpenAI resulted in a $3.1 billion hit to net income in the quarter, equ

See Full Page