Revenues of $20.4 billion
On October 22, 2015, Microsoft (MSFT) announced its 1Q16 results, declaring revenues of $20.4 billion compared to $23.2 billion in 1Q15. Net income increased 1.8%, from $4.5 billion with diluted EPS (earnings per share) of $0.54 in 1Q15 to $4.6 billion with EPS of $0.57 in 1Q16.
Shares of Microsoft (MSFT) increased 10% following the declaration of its results. On a non-GAAP (generally accepted accounting principles) basis, Microsoft reported revenues of $21.7 billion, net income of $5.5 billion, and EPS of $0.67.
“We are making strong progress across each of our three ambitions by delivering innovation people love,” said Satya Nadella, chief executive officer at Microsoft. “Customer excitement for new devices, Windows 10, Office 365 and Azure is increasing as we bring together the best Microsoft experiences to empower people to achieve more.”
For fiscal 1Q16, financial estimates platform Estimize expects Microsoft to post revenues and EPS of $21.5 billion and $0.59, respectively. Wall Street analysts expect Microsoft to post $20.9 billion and $0.59 in revenues and EPS, respectively, in fiscal 1Q16.
On October 19, 2015, IBM (IBM) was one of the first companies to announce its fiscal 3Q15 results. Leading technology players Citrix (CTXS) and ServiceNow (NOW) announced their fiscal results prior to Microsoft’s as well.