First quarter results from the technology giant exceeded analyst forecasts. The Chief Executive noted that "We are making strong progress across each of our three ambitions by delivering innovation people love. Customer excitement for new devices, Windows 10, Office 365 and Azure is increasing as we bring together the best Microsoft experiences to empower people to achieve more."
Revenues for its Intelligent Cloud business grew by 8%, with Enterprise Mobility customers more than doubling year-over-year to over 20,000. The group announced a 16% increase in its quarterly dividend to $0.36 and returned $6.9 billion to shareholders in the form of share repurchases and dividends. The share price rose by around 6% in after-hours US stockmarket trading.
- Revenue of $20.4 billion GAAP, and $21.7 billion non-GAAP
- Operating income was $5.8 billion GAAP, and $7.1 billion non-GAAP
- Net income was $4.6 billion GAAP, and $5.4 billion non-GAAP
- Earnings per share was $0.57 GAAP, and $0.67 non-GAAP
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