Breaking News
Oct 25, 2023
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Microsoft Corp. increased 3.4% to $343.87 after the software developer reported better-than-expected quarterly results.
Revenue in the fiscal first quarter increased by 13% to $56.5 billion, net income surged by 27% to $22.3 billion, and diluted earnings per share soared to $2.99 from $2.35 a year ago.
Cloud services revenue rose 19% to $24.3 billion, office and business productivity software, including LinkedIn, rose 13% to $18.6 billion, and personal computing revenue, which includes Windows and Xbox content, inched up 3% to $13.7 billion.
Microsoft returned $9.1 billion to shareholders in the form of stock repurchases and dividends in the first quarter of fiscal 2024.
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