Microsoft Q1 revenue $92.3B, Azure up 48%, EPS $4.89 beats estimates

Microsoft reported fiscal Q1 revenue of $92.28B, up 20%, with Azure growing 48% to $33.2B, beating its 44-45% guidance. Adjusted EPS of $4.89 beat the $4.73 estimate; free cash flow was $18.6B and capex $45.2B, below its $50B projection. Commercial backlog jumped 73% to $677B.

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