Microsoft has reported quarterly earnings beating Wall Street expectations, as it continues to weather the coronavirus pandemic amid increased demand for its flagship software and services.
The company reported fiscal first-quarter profit on Tuesday of $US13.9 billion ($A19.5 billion), or $1.82 per share, beating Wall Street expectations of $1.54 a share.
Microsoft posted revenue of $US37.2 billion in the July-September period, up 12 per cent from last year.
Analysts had been looking for revenue of $US35.8 billion, according to FactSet.
The software giant has benefited from a COVID-19-fuelled trend of working and learning from home that boosted demand for its cloud computing services and products, such as email and video conferencing.
It’s also experienced heightened demand for its Xbox gaming system.
The company’s growth was led by its commercial cloud segment, which grew 31 per cent from the previous year to generate $US15.2 billion revenue, said Microsoft chief financial officer Amy Hood.
Revenue from the company’s Xbox content and services grew 30 per cent as the company next month prepares to launch its first new console since 2013.
Preorders began in September.