The company reported a fiscal first-quarter profit of $10.7 billion, up 21% from the same period last year.
The net income of $1.38 per share beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The software maker posted revenue of $33.1 billion in the July-September period, up 14% from last year and also beating forecasts. Ten analysts surveyed by Zacks expected $32.2 billion.
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October 26, 2019