The news: Microsoft posted strong results for its fiscal first quarter, exceeding revenue and earnings expectations as its cloud and AI divisions drive growth.
By the numbers:
- Revenues: $65.6 billion, a 16% increase year over year; analysts expected $64.57 billion.
- Search and news advertising revenues: increased 18% YoY (up 19% in constant currency), reflecting strong demand and effective ad placements across Microsoft platforms.