Microsofts commercial cloud fuels better-than-expected Q1 results
Summary
Microsofts first quarter was well ahead of expectations as its commercial cloud revenue was $11.6 billion, up 36% from a year ago. Wall Street was expecting Microsoft to report fiscal first quarter earnings of $1.25 a share on revenue of $32.23 billion. Going into the quarter, analysts were expecting strong execution with tougher comparisons ahead. There was also a consensus that Microsoft would step up its investments in artificial intelligence, machine learning and the Internet of things. To get a feel for Microsofts first quarter its worth checking out its growth by product lines.
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