Microsoft beats quarterly revenue estimates on cloud boost

Microsoft Corp beat Wall Street expectations for quarterly revenue on Tuesday, as demand soared for the software giant's cloud-based services from businesses adopting hybrid work models. The company's revenue rose to $45.32 billion in the first quarter ended Sept. Analysts on average had expected revenue of about $43.97 billion, according to Refinitiv data.

Microsoft Corp beat Wall Street expectations for quarterly revenue on Tuesday, as demand soared for the software giant's cloud-based services from businesses adopting hybrid work models.

The company's revenue rose to $45.32 billion in the first quarter ended Sept. 30, from $37.15 billion a year earlier. Analysts on average had expected revenue of about $43.97 billion, according to Refinitiv data.

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