Microsoft stock jumps on revenue, earnings beats

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Microsoft reported its Q1 earnings after the bell on Tuesday, beating on the top and bottom lines.

) announced its quarterly earnings after the closing bell on Tuesday, beating analysts' expectations on revenue and earnings per share. The tech giant reported revenue of $56.5 billion in the quarter, above consensus estimates of $54.5 billion.

Microsoft's Intelligent Cloud segment, which includes its Azure business, brought in $24.3 billion in the quarter. Wall Street was looking for revenue of $23.6 billion. The company's Productivity & Business Processes, meanwhile, saw revenue of $18.6 billion, while More Personal Computing took in revenue of $13.7 billion, versus analysts' expectations of $18.3 billion and $12.9 billion respectively.

Since then, the company has launched various generative AI-powered Copilot apps for Outlook, Windows 11, and Microsoft 365. The software can summarize emails, help you draft documents and create PowerPoint presentations, and provide insight into Windows 11 features. Microsoft says it will combine the Copilots into a single app in the future.

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