Microsoft reports sales above expectations

2023-10-24 22:52:00

Microsoft also exceeded experts’ expectations thanks to a strong cloud business. Sales rose by 13 percent to $56.5 billion in the first quarter, as the software company announced on Tuesday after the US stock market closed. According to LSEG, experts had expected $54.5 billion. Sales in the Intelligent Cloud division – which includes Azure – increased to $24.3 billion. $23.5 billion was predicted here. Net income was $22.3 billion, up 27 percent. Microsoft shares initially rose by almost six percent after trading.