The company overall posted revenue of $65.6 billion, up 16%, vs. analyst expectations of $64.5 billion; profits of $24.7 billion, up 11%; and earnings per share of $3.30, compared to the Wall Street consensus of $3.08 per share.

Microsoft beat Wall Street estimates for first-quarter revenue on Wednesday as efforts to build out data center capacity and AI-driven demand boosted its cloud business.

Microsoft reported first-quarter earnings on Wednesday that beat Wall Street estimates.The company posted first-quarter earnings of $3.30 a share on revenue of $65.6 billion. Analysts had forecast earnings of $3.

Microsoft announced that it earned a net income of $24.7 billion on revenues of $65.6 billion in the quarter ending September 30, 2024.