Microsoft Crushes Q1 Earnings Estimates Thanks to Cloud, Office 365, and Xbox Growth

Microsoft Crushes Q1 Earnings Estimates Thanks to Cloud, Office 365, and Xbox Growth

6 years ago
Anonymous $oIHRkISgaL

https://wccftech.com/microsoft-q1-2019-earnings-report/

Microsoft (NASDAQ:MSFT) has begun their 2019 fiscal year with a bang, reporting revenue of $29.1 billion and net income of $8.8 billion for the quarter ending September 30. That’s a 19 percent year on year increase for revenue and an impressive 34 increase for income. Earnings per share were $1.14, up 36 percent from a year ago. Analysts were expecting earnings of $0.94 per share. Microsoft stock gained around 3 percent in after-hours trading following the healthy Q1 earnings report.

Related Xbox Game Pass Adds Outlast and Other Scary Games, Shocktober Sale Discounts Many More

Microsoft Crushes Q1 Earnings Estimates Thanks to Cloud, Office 365, and Xbox Growth

Oct 25, 2018, 5:19am UTC
https://wccftech.com/microsoft-q1-2019-earnings-report/ > Microsoft (NASDAQ:MSFT) has begun their 2019 fiscal year with a bang, reporting revenue of $29.1 billion and net income of $8.8 billion for the quarter ending September 30. That’s a 19 percent year on year increase for revenue and an impressive 34 increase for income. Earnings per share were $1.14, up 36 percent from a year ago. Analysts were expecting earnings of $0.94 per share. Microsoft stock gained around 3 percent in after-hours trading following the healthy Q1 earnings report. > Related Xbox Game Pass Adds Outlast and Other Scary Games, Shocktober Sale Discounts Many More