Microsoft Q1 Earnings Summary

Microsoft stock price rose as much as 4.31% in after hours trading after a strong first quarter earnings report. Microsoft’s quarterly revenue increased 19% to $29.1 billion, significantly beating analyst estimates of $27.9 billion. Earnings per share was $1.14 for Q1, a 36% increase year over year.

Revenue from Microsoft’s Intelligent Cloud segment was up 24% to $8.6 billion, highlighted by 76% increase in revenue from Azure cloud services. More Personal Computing, Microsoft’s largest segment, increased 15% to $10.7 billion, with gaming revenue increasing 44% for the quarter.

“We are off to a great start in fiscal 2019, a result of our innovation and the trust customers are placing in us to power their digital transformation,”

said Satya Nadella, chief executive officer of Microsoft.

“We’re excited to help our customers build the digital capability they need to thrive and grow, with a business model that is fundamentally aligned to their success.”