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…