Microsoft Earnings Beat Expectations

Microsoft Corp. announce better than expected earnings for quarter.

• Revenue was $29.1 billion and increased 19%
• Operating income was $10.0 billion and increased 29%
• Net income was $8.8 billion and increased 34%
• Diluted earnings per share was $1.14 and increased 36%

“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.”

Microsoft returned $6.1 billion to shareholders in the form of dividends and share repurchases in the first quarter of fiscal year 2019, an increase of 27% compared to the first quarter of fiscal year 2018.

“Our record results for Q1 reflect our commitment to long-term strategic investments and consistent execution to drive revenue growth and operating margin expansion,” said Amy Hood, executive vice president and chief financial officer of Microsoft. “We see continued demand for our cloud offerings, reflected in our commercial cloud revenue of $8.5 billion, up 47% year over year.”

Read the full earnings report here: https://news.microsoft.com/2018/10/24/microsoft-cloud-strength-powers-record-first-quarter-results-2/

Earnings Call: https://view.officeapps.live.com/op/view.aspx?src=https://c.s-microsoft.com/en-us/CMSFiles/TranscriptFY19Q1.docx?version=9eceeee6-b256-e063-a6a9-9788251db79e