Microsoft reported revenue of $37.2 billion, on earnings of $1.82 a share. Both figures came in higher than the market expected – EPS of $1.55/share, on revenue of $35.76 billion.
According to the company's CFO, Amy Hood, the "Demand for our cloud offerings drove a strong start to the fiscal year with our commercial cloud revenue generating $15.2 billion, up 31% year over year." The numbers were boosted by the need for operating systems and Xbox services, as people have to stay indoors.
The number of daily Teams users increased to 115 million, from 75 million reported a quarter ago.
Moreover, Azure's revenue increased 1% in the past quarter, topping the final number expected by the market of 43.45% compared to last year's numbers. The overall revenue increase for Azure came in at 48%.
Despite the positive figures, Microsoft stock price fell 1.8%.
Sources: reuters.com, thestreet.com