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Microsoft reports $33.1 billion in Q1 2020 revenue: Azure up 59%, Surface down 4%, and LinkedIn up 25%

Microsoft today reported earnings for its first fiscal quarter of 2020, including revenue of $33.1 billion, net income of $10.7 billion, and earnings per share of $1.38 (compared to revenue of $29.1 billion, net income of $8.8 billion, and earnings per share of $1.14 in Q1 2019). All three of the company’s operating groups saw year-over-year growth.

Analysts had expected Microsoft to earn $32.2 billion in revenue and report earnings per share of $1.24. The company thus handily beat expectations. The company’s stock was flat in regular trading, and also flat in after-hours trading. Microsoft said it returned $7.9 billion to shareholders in the form of share repurchases and dividends during the quarter.

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