Microsoft Posts Strong Q1 Earnings Driven by Cloud and AI Growth
Microsoft reported a 23% year-over-year increase in earnings per share to $4.13, surpassing analyst expectations of $3.67. Revenue climbed 18% to $77.7 billion, exceeding estimates of $75.38 billion. The performance underscores the company's dominance in cloud computing and artificial intelligence.
Wall Street maintains a Strong Buy rating on MSFT stock, with an average price target of $629.43 suggesting 16.76% upside potential. The results highlight how traditional tech giants continue to benefit from enterprise adoption of transformative technologies.