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News / Business / Business Briefs

Microsoft reports $10.68B profit for fiscal first quarter

By Wire Services
Published: October 25, 2019, 3:13pm

REDMOND — Microsoft Corp. (MSFT) on Wednesday reported fiscal first-quarter profit of $10.68 billion.

The Redmond-based company said it had net income of $1.38 per share. The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The software maker posted revenue of $33.06 billion in the period, also beating Street forecasts.

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