October 24, 2019

Microsofts fiscal year 2020 is off to a good start, reporting revenue of $33.1 billion, a 14% increase year-over-year, for the quarter ended September 30, 2019. The strong revenue was driven by cloud revenue, including Productivity and Business Processes at $11.1 billion and Intelligent Cloud at $10.8 billion, increases of 13% and 27% respectively. Operating income for the first quarter of fiscal year 2020 was $12.7 billion. Microsoft reported net income of $10.7 billion and diluted earnings per share of $1.38, a 21% increase year-over-year, beating Wall Street expectations.