Shares of Microsoft Corp. gained in Thursday’s extended session after the technology giant posted better-than-expected quarterly results. The company reported its fiscal first-quarter earnings rose to $6.58 billion, or 84 cents a share, from $5.67 billion, or 72 cents a share, a year earlier. Revenue grew 12% to $24.5 billion. Analysts surveyed by FactSet had projected earnings of 71 cents a share on revenue of $23.52 billion. The maker of the Windows operating system had announced earlier this year that it will release its quarterly results in generally accepted accounting principles in the new fiscal year, a move that Silicon Valley peers like Alphabet Inc. and Facebook Inc. are adopting as well. Microsoft shares climbed 0.6% to $79.20, matching an all-time high set on Oct. 24.
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