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Technology giant Microsoft (NASDAQ:MSFT) reported first-quarter financial results after market close Wednesday.

Microsoft reported first-quarter revenue of $65.60 billion, up 16% year-over-year. The total beat a Street consensus estimate of $64.51 billion according to data from Benzinga Pro.

The company reported first-quarter earnings per share of $3.30, beating a Street consensus estimate of $3.09 per share. Microsoft's operating income was $65.6 billion in the first quarter, up 14% year-over-year.

"AI-driven transformation is changing work, work artifacts, and workflow across every role, function, and business process,” Microsoft CEO Satya Nadella said.

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