Microsoft Corporation Q1 adjusted earnings Beat Estimates

(RTTNews) - Microsoft Corporation (MSFT) released earnings for its first quarter that climbed from last year.

The company's bottom line totaled $20.51 billion, or $2.71 per share. This compares with $13.89 billion, or $1.82 per share, in last year's first quarter.

Excluding items, Microsoft Corporation reported adjusted earnings of $17.21 billion or $2.27 per share for the period.

Analysts had expected the company to earn $2.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.0% to $45.32 billion from $37.15 billion last year.

Microsoft Corporation earnings at a glance:

-Earnings (Q1): $17.21 Bln. vs. . last year. -Analysts Estimate: $2.07 -Revenue (Q1): $45.32 Bln vs. $37.15 Bln last year.