The company, which has a broken fiscal year, reports a profit of 3.3 dollars per share for the first quarter. The market had expected 3.1 dollars.
Revenues increased by 16 percent on an annual basis. Revenues for the quarter amounted to 65.6 billion dollars, equivalent to approximately 700 billion kronor, compared to expected 64.5 billion dollars.
The company has invested heavily in artificial intelligence, which now seems to be paying off. Revenues in the cloud services segment increased by 33 percent, exceeding expectations.
The segments containing the Office package and Windows increased by 12 percent, also more than expected.
The share price rose in after-hours trading on the New York Stock Exchange.
