Microsoft Beats on Earnings, Misses on Revenue in Q1 as Cloud Growth Continues

Q1 Non-GAAP EPS beats by $0.04 at $1.19
Q1 Revenue misses by $20M at $12.45B, up 8.7% Y/Y
Cloud revenue (IaaS + SaaS) $4.6B, up 30%
Operating margin 26% GAAP, 41% non-GAAP
Q1 operating cash flow $7.0B, free cash flow $5.7B, both up YoY

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