Microsoft has announced results for the first quarter of its fiscal year 2022. The analysts’ expectations are clearly exceeded. It posted total revenues of $ 45.3 billion, up 22% when compared to the same period last year. Operating income was $ 20.2 billion, an increase of 27%.
If you want to see the results in detail, you can find the official quarterly report here. I am going to summarize a few important points here instead of bombarding you with all the numbers. Anyone who has been watching Microsoft’s business figures for a while can now guess where the big sales come from: No, it’s neither the Xbox division nor Microsoft Windows. Rather, the Redmond-based company is now doing big business with the cloud.
Microsoft Expectations Exceeded
The company reported earnings per share of $2.27. Sales were $45.32B. Economists surveyed by Investing.com had estimated earnings per share of $2.07 ahead of the quarter, while sales were estimated at $43.93B. Microsoft’s shares were up 0.14% in after-hours trading to $309.54.
Extrapolated over the year, Microsoft’s shares are up 39% and thus perform better than the Dow Jones, which are up 16%.
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