Microsoft today reported its latest quarter financial results. Microsoft’s EPS and sales numbers were well ahead of analysts estimates, EPS was $1.14 against the estimate of $0.96 and the revenue was $29.1B against the estimate of $27.89B. Operating income was $10 billion and it increased 29%. Once again, Microsoft’s results were driven by solid financial results from Office 365 and Azure.
“We are off to a great start in fiscal 2019, a result of our innovation and the trust customers are placing in us to power their digital transformation,” said Satya Nadella, chief executive officer of Microsoft. “We’re excited to help our customers build the digital capability they need to thrive and grow, with a business model that is fundamentally aligned to their success.”
Microsoft returned $6.1 billion to shareholders in the form of dividends and share repurchases in the first quarter of fiscal year 2019, an increase of 27% compared to the first quarter of fiscal year 2018.
“Our record results for Q1 reflect our commitment to long-term strategic investments and consistent execution to drive revenue growth and operating margin expansion,” said Amy Hood, executive vice president and chief financial officer of Microsoft. “We see continued demand for our cloud offerings, reflected in our commercial cloud revenue of $8.5 billion, up 47% year over year.”