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Microsoft beats quarterly revenue estimates
Oct 31, 2024 3:11 AM

Oct 30 (Reuters) - Microsoft ( MSFT ) beat Wall Street

estimates for first-quarter revenue on Wednesday as efforts to

build out data center capacity and AI-driven demand boosted its

cloud business.

Revenue rose 16% to $65.6 billion in the fiscal first

quarter ended September, compared with analysts' average

estimate of $64.5 billion, according to LSEG data.

(Reporting by Deborah Sophia in Bengaluru and Anna Tong in San

Francisco; Editing by Anil D'Silva)

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