Microsoft posted its fiscal first quarter revenue and earnings, both of which surpassed analysts’ expectations.
For the period ending Sept. 30,. the technology behemoth’s revenue climbed +22% year-over-year to $45.32 billion, beating the $43.97 billion expected by analysts polled by Refinitiv.
The company’s earnings came in at $2.27 per share, exceeding analysts’ estimates of $2.07.
Revenue in Microsoft’s intelligent cloud rose +31% to $17 billion. The company’s revenue from productivity and business processes increased +22% to $15 billion.
Microsoft said that it paid out $10.9 billion to shareholders in share repurchases and dividends in the first quarter of fiscal year 2022, which implies an increase of +14% compared to the year-ago quarter.