(Alliance News) - Microsoft Corp on Tuesday reported a rise in first-quarter earnings, with chair and chief executive Satya Nadella arguing that digital technology was the "ultimate tailwind" in a world facing increasing challenges.
In the three months ended September 30, revenue totalled USD50.12 billion, up 11% from USD45.32 billion the previous year.
Revenue in the Intelligent Cloud segment increased by 20% against the previous year, while revenue in Productivity & Business Processes grew by 9.0%.
The Albuquerque, New Mexico-based firm, however, saw a fall in net income. The figure dropped 14% to USD17.56 billion from USD20.51 billion a year prior.
Basic earnings per share fell to USD2.35 from USD2.73.
Operating income, meanwhile, rose to USD21.52 billion from USD20.24 billion year-on-year.
Vice President & Chief Financial Officer Amy Hood said: "We continue to see healthy demand across our commercial businesses including another quarter of solid bookings as we deliver compelling value for customers."
Shares in Microsoft closed up 1.4% at USD250.66 in New York on Tuesday. In after-hours trading, the stock was down 2.2%.
By Heather Rydings; heatherrydings@alliancenews.com
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