(Reuters) – Microsoft Corp (MSFT.O) beat Wall Street estimates for revenue in its first quarter on Wednesday, as more businesses signed up for its Azure cloud computing services and Office 365 software.
FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo
Net income rose to $8.82 billion, or $1.14 per share, in the quarter ended Sept. 30 from $6.58 billion, or 84 cents per share, a year earlier.
Revenue rose to $29.08 billion from $24.54 billion, above analysts’ average estimate of $27.90 billion, according to Refinitiv data.
Reporting by Vibhuti Sharma in Bengaluru; Editing by Bernard Orr