Microsoft reported $24.5 billion in revenue — a 12 percent increase — in the first quarter of fiscal year 2018, which ended Sept. 30.
Here are four things to know.
1. The tech giant's profits rose 16 percent to $6.6 billion, driven by its cloud computing products, which marked a 90 percent climb in revenue year over year.
2. Microsoft noted diluted earnings per share were $0.84, up from $0.72 — or an increase of 17 percent — from one year prior.
3. LinkedIn, which Microsoft purchased in 2016, contributed to $1.1 billion in revenue during the quarter.
4. Operating income was $7.7 billion, up 15 percent from $6.7 billion one year prior.
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