Microsoft exceeded Wall Street estimates in its fiscal first quarter report on Thursday.
Revenue was $23.2 billion for the quarter ended Sept. 30, marking a 25% increase year over year. Net income was $4.54 billion, while earnings per share was $0.54.
Analysts had expected revenue of about $22 billion and earnings per share of about $0.49. Microsoft had layoff costs of $1.1 billion that pushed down its earnings per share by $0.11. The company had announced an
18,000 personnel workforce cut back in July.
