(Reuters) – Microsoft beat Wall Street estimates for first-quarter revenue on Wednesday as efforts to build out data center capacity and AI-driven demand boosted its cloud business.
Revenue rose 16% to $65.6 billion in the fiscal first quarter ended September, compared with analysts’ average estimate of $64.5 billion, according to LSEG data.
(Reporting by Deborah Sophia in Bengaluru and Anna Tong in San Francisco; Editing by Anil D’Silva)