Microsoft reportedearnings for its fiscal first quarter after the market closed on Tuesday.- The company reported $37.2 billion in revenue, compared with Wall Street's expectations of $35.72 billion.
- Microsoft doesn't report revenue figures for Azure but said revenue grew 48% year over year.
- Are you a Microsoft employee? Contact this reporter via the encrypted messaging app Signal (+1-425-344-8242) or email (astewart@businessinsider.com).
Microsoft reported earnings for its fiscal first quarter on Tuesday, exceeding Wall Street revenue and profit expectations.
Here's what the company reported:
- Revenue: $37.2 billion (Wall Street expected $35.72 billion), compared with $33.1 billion in the same quarter last year.
- Earnings: $1.82 per share, compared with analysts' estimate of $1.54 per share.
- Profit: $13.9 billion, up 30% compared with the first quarter 2019.
The company's stock price remained mostly unchanged after the earnings release.
Microsoft's overall commercial cloud business — which includes its Microsoft Azure cloud-computing business and the Microsoft 365 suite of cloud software applications — reached $15.2 billion in sales for the quarter, up 31% compared with the same quarter last year.
Microsoft doesn't report revenue figures for Azure but said revenue grew 48% year over year.
Investors typically pay close attention to growth of the company's cloud-computing business, but there's also increasing interest in its Teams chat app. Microsoft Teams landed a surge of users amid the pandemic, and $4.
Microsoft said $4 daily active users, up from $4.
Microsoft also doesn't break out revenue specific to Teams but said revenue for the overall "productivity and business-processes" segment — which also includes Office products for businesses and customers, LinkedIn revenue, and Dynamics products and cloud services — reached $12.3 billion for the quarter, up 11% year over year.
Microsoft's "intelligent-cloud" business, which includes Azure, server products, and
And revenue for the business unit Microsoft calls "more personal computing," which includes Windows, search, Xbox, and Surface products, was $11.8 billion, up 6% year over year.
Microsoft reported strong sales growth for Xbox and Surface devices, but the company doesn't report specific revenue figures for the products. Xbox revenue was up 30%, highlighting the boom in video gaming amid the pandemic, even as the company prepares to introduce two new models of the Xbox in November. Surface revenue was up 37%.
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