Microsoft Corp. MSFT 1.51% expects the pandemic-era surge in demand for cloud-computing providers, videogaming and computer systems that delivered a stable quarter to persist not less than by means of the remainder of the 12 months.
The software program firm on Tuesday stated gross sales rose 12% to $37.2 billion, producing a internet revenue of $13.9 billion within the first quarter of its fiscal 12 months. The outcomes surpassed Wall Road expectations on income and revenue for the quarter ending in September.
Income from Azure, the corporate’s large cloud-computing service that has underpinned its monetary success lately, elevated 48% from the year-ago interval.
“Demand for our cloud choices drove a powerful begin to the fiscal 12 months,” Microsoft Chief Monetary Officer Amy Hood stated.