Microsoft Exceeds Fiscal Q1 Expectations Driven by Azure and AI Growth
Microsoft (MSFT) reported fiscal first-quarter results that surpassed Wall Street estimates, highlighted by adjusted earnings of $4.89 per share against an expected $4.73. Total revenue rose 19% year-over-year to $92.28 billion, driven largely by a 48% surge in its Azure cloud infrastructure business. Looking ahead, Microsoft provided optimistic guidance for the second quarter, forecasting Azure growth between 49% and 50%, which exceeds consensus estimates. This outlook has prompted several major financial institutions to raise their price targets, citing broadening AI monetization across the company's software stack and continued demand for data center infrastructure.
Topics: analyst upgrades artificial intelligence cloud computing earnings report revenue growth
Part of the story Microsoft Reports Strong Q1 Fiscal 2027 Results Driven by Cloud Growth and AI Agent Adoption (9 articles)