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Microsoft beats on sales and earnings as Azure growth outpaces expectations – CNBC

Microsoft beat across the board as it benefits from an accounting change to the way it deprecates server equipment.

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Microsoft shares barely moved in extended trading on Tuesday after the company reported fiscal first-quarter results that were better than analysts had expected.
Here’s how the company did:

  • Earnings: $1.82 per share, adjusted, vs. $1.54 per share as expected by analysts, according to Refinitiv.
  • Revenue: $37.15 billion, vs. $35.72 billion as expected by analysts, according to Refinitiv.

Microsoft revenue grew 12% on an annualized basis, down from 13% growth in the prior quarter, according to a statement….

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