Microsoft beat expectations by earning $20.5 billion in the quarter

The company was founded by Bill Gates and output Satya Nadella achieve Net profit of $20.5 billion During the period (up 48%), earnings per share (EPS) equaled $2.27, a figure that exceeded expectations of $2.08.

The Revenue grew 22%, to $45.3 billionThat’s thanks to the good performance of its in-the-cloud segment, among other things, the tech giant explained in a press release. The market expected a sales figure of 44,000 million.

“Digital technology is a deflationary force in an inflationary economy. Small and large businesses can improve the productivity and affordability of their products and services by ramping up technology.” Satya Nadella, President and CEO of Microsoft.

“Microsoft Cloud It offers the end-to-end platforms and tools that organizations need to navigate this moment of transition and change,” added the Director, whose commitment to this department has been successful.

“We are off to a good start to the fiscal year, with Microsoft Cloud generated $20.7 billion in revenue during the quarter, an increase of 36% year over yearsaid Amy Hood, Microsoft executive vice president and chief financial officer.