Microsoft Posts Q1 Profit of $36.63 Billion, Beats Wall Street Estimates on Earnings and Revenue

Microsoft Corp. (MSFT) reported fiscal first-quarter profit of $36.63 billion on Wednesday, with earnings and revenue both surpassing analyst expectations. The Redmond, Washington-based software maker posted net income of $4.92 per share, or $4.89 per share adjusted for non-recurring gains. The average estimate of 14 analysts surveyed by Zacks Investment Research was $4.71 per share. Revenue for the period came in at $92.28 billion, exceeding the $90.58 billion forecast by 13 analysts surveyed by Zacks.