Microsoft reported its first-quarter earnings for fiscal-year 2016 after the bell Thursday.
Here’s what Microsoft reported:
- EPS of $0.67 a share non-GAAP, versus $0.59 estimated. Revenue of $21.66 billion non-GAAP, versus $21.03 billion estimated.
Microsoft stock is up more than 5% to $48.03 per share in after-hours trading.
While there was some expected shrinkage in the company’s Office and Windows businesses, the cloud unit is marching right along to growth.
Revenue in Microsoft’s newly named Intelligent Cloud unit, which encompasses most of the company’s critical enterprise infrastructure businesses, was up 8% this quarter to $5.9 billion.
Meanwhile, revenue in Microsoft’s Productivity and Business Processes unit was down 3% to $6.3 billion, while the the More Personal Computing unit, which includes Windows, was down 17% to $9.4 billion.
Microsoft Office 365, a linchpin of the company’s strategy, added 3 million customers in the last quarter for 18.2 million overall, the company reports. Meanwhile, customers of its Enterprise Mobility product lines doubled from last year to 20,000 total, with the install base up over six times over the same period.
Also of note: Microsoft defers some Windows 10 revenue to future quarters to account for future upgrades.