Microsoft (MSFT) earnings Q1 2023


Microsoft CEO Satya Nadella gestures during a session at the World Economic Forum annual meeting in Davos on May 24, 2022.

Fabrice Coffrini | AFP | Getty Images

Microsoft shares fell as much as 2% in extended trading on Tuesday after the software maker reported softer cloud revenue than expected in its fiscal first-quarter.

Here’s how the company did:

  • Earnings: $2.35 per share, vs. $2.30 per share as expected by analysts, according to Refinitiv.
  • Revenue: $50.12 billion, vs. $49.61 billion as expected by analysts, according to Refinitiv.

Total revenue grew 11% year over year in the quarter, according to a statement.

Microsoft’s Intelligent Cloud business segment, which includes the Azure public…

Source cnbc.com

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