Earnings

Microsoft (MSFT) Q1 earnings report 2024

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Satya Nadella, CEO of Microsoft, arrives to federal court in Washington, D.C., on Oct. 2, 2023.

Nathan Howard | Bloomberg | Getty Images

Microsoft Microsoft shares jumped as much as 5% in extended trading on Tuesday after the software maker issued fiscal first-quarter results that beat Wall Street estimates. The firm also reported a surge in profit thanks to a slower pace of operating expense growth.

Here’s how the company did, compared with the consensus among analysts surveyed by LSEG, formerly known as Refinitiv:

  • Earnings: $2.99 per share, vs. $2.65 per share expected.
  • Revenue: $56.52 billion, vs. $54.50 billion expected.

Revenue grew 13% year over year in the quarter from $50.12 billion in…



Source cnbc.com

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