Microsoft announced excellent financial results for the first quarter, noting strong growth in Azure cloud infrastructure, exceeding market expectations. In August, Microsoft announced changes in business segment reporting to reflect its strategic approach. The company's net income rose from $22.29 billion to $24.67 billion compared to the previous quarter. "Security and mobility services contributed significantly to the company's results compared to forecasts," noted LSEG. Earnings per share amounted to $3.30 compared to expected $3.10, while revenue increased to $65.59 billion versus expected $64.51 billion. According to the official statement, Microsoft's revenue grew by 16% year-over-year for the quarter ending September 30.
