Microsoft earnings live: Microsoft beats Q1 expectations on top and bottom line on AI growth

Microsoft (MSFT) reported its first quarter earnings after the bell Wednesday, beating Wall Street's expectations on the top and bottom lines.Microsoft stock rose more than 4% on the news.For the quarter, Microsoft saw earnings per share (EPS) of $4.89 on revenue of $92.28 billion. Analysts were projecting EPS of $4.73 on revenue of $90.63 billion, according to Bloomberg consensus estimates.The company saw EPS of $4.13 and revenue of $77.6 billion in the same period last year.Q1 marks the first quarter of Microsoft's new segment structure.The Agents and Infra segment includes the revenue from Microsoft's Azure, Microsoft 365 cloud services, productivity and server licensing, industry solutions, and frontier and support services.The Devices and Consumer segment includes sales tied to Microsoft's search and advertising businesses, Xbox, and Windows OEM and devices.Agents and Infra revenue climbed to $76.8 billion, ahead of expectations of $75.6 billion, with Azure sales climbing 48% to $33.17 billion up from $22.38 billion in the same period last year.Devices and Consumer sales totaled $15.5 billion. Wall Street was looking for $15 billion.Capital expenditures, including leases, topped $39.37 billion, less than the $45.93 billion that analysts were anticipating.Read more.