Microsoft Reported Strong Q1 Results, Shares Up 4%
<p><a href='https://financialmodelingprep.com/financial-summary/MSFT'>Microsoft Corporation (NASDAQ:MSFT) </a>shares closed more than 4% higher on Wednesday following the company’s reported Q1 results, with revenue coming in at $45.32 billion, beating the consensus estimate of $43.97 billion. Quarterly EPS of $2.27 was also better than the consensus estimate of $2.07.</p>
<p>According to the analysts at Oppenheimer, it was another impressive quarter for the company, with 22% year-over-year revenue growth. Azure revenue growth was 48% year-over-year, driven by consumption-based services. Windows OEM grew 10% year-over-year despite supply chain constraints and Windows 11 deferrals. Healthy Azure growth is expected in Q2, but growth should moderate given the size of the installed base. </p>
<p>According to the analysts, Azure should see healthy growth and benefit from Microsoft 365 momentum, although this growth will moderate due to the installed base.</p>

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