Microsoft Beats Q1 Expectations, Stock Flat as Azure Growth Slows and Xbox Stalls

Microsoft Beats Q1 Expectations, Stock Flat as Azure Growth Slows and Xbox Stalls

5 years ago
Anonymous $xdcOWPpsb_

https://wccftech.com/microsoft-q1-2020-earnings-report/

Microsoft (NASDAQ:MSFT) has delivered their results for the quarter ending September 30, 2020, and the tech giant’s fiscal year is off a good start. Microsoft scooped up revenue of $33.1 billion and net income of $10.7 billion during Q1 2020, a very respectable 14 percent year on year increase for revenue and a 21 percent increase for income. Earnings per share were $1.38, which is above the $1.25 per share analysts were expecting. Microsoft stock was up only slightly (around 0.7 percent) in after-hours trading following yet another solid quarter.

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