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Microsoft: Q1 net income up 24%

( - On Tuesday evening Microsoft reported Q1 2021-22 adjusted (non-GAAP) net income that is up 24% at 17.
2 billion dollars, i.e. EPS of 2.27 dollars, with adjusted operating profit that is up 27% at 20.2 billion dollars.

The Redmond, Washington-based company's revenues rose 22% to 45.3 billion dollars (+20% excluding FX factors), with Azure and other cloud services revenues up 50%.

The company said that Microsoft Cloud delivers the end-to-end platforms and tools that organisations need to navigate these times of transition and change.

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