Microsoft Corporation (MSFT) Q1 2024: Msft

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Microsoft Corporation

MSFT

$483.16 0.48%

Exchange: NASDAQ | Sector: Technology | Industry: Software Infrastructure

Q1 2024

Published: Oct 24, 2023

Earnings Highlights

Revenue of $56.52B up 12.8% year-over-year
EPS of $2.99 increased by 27.7% from previous year
Gross margin of 71.2%
Net income of 22.29B
""We are off to a strong start to the fiscal year, driven by the continued strength in Microsoft Cloud, which surpassed $31.8 billion in quarterly revenue, up 24%."" - Satya Nadella

MSFT

Microsoft Corporation

Period Q1 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Microsoft Corporation reported robust financial results for Q1 2024, with total revenue increasing by 13% year-over-year to $56.5 billion. This growth was primarily driven by the performance of Microsoft Cloud, which generated $31.8 billion in revenue, representing a 24% increase. The successful integration of AI functionalities across its product portfolio, particularly with products like Azure, Office 365, and GitHub Copilot, has positioned the company for sustainable long-term growth. Management expressed strong confidence in their strategy, citing effective expense management and ongoing demand for cloud services as core contributors to their positive outlook.

Key Performance Indicators

Revenue

Increasing

56.52B

QoQ: 0.58% | YoY: 12.76%

Gross Profit

Increasing

40.22B

71.16% margin

QoQ: 2.08% | YoY: 15.99%

Operating Income

Increasing

26.90B

QoQ: 10.89% | YoY: 24.99%

Net Income

Increasing

22.29B

QoQ: 11.01% | YoY: 26.97%

EPS

Increasing

3.00

QoQ: 11.11% | YoY: 27.66%

Revenue Trend

Margin Analysis

Financial Highlights

1. Total Revenue: $56.5 billion, up 13% YoY.
2. Cloud Revenue: $31.8 billion, up 24% YoY, indicating strong adoption of cloud products.
3. Gross Profit Margin: 71%, reflecting a slight year-over-year increase due to higher-margin product sales in Azure and Office 365.
4. Operating Income: $26.9 billion, up 25% YoY, with operating margins improving to 48%.
5. Net Income: $22.3 billion, representing a 27% increase YoY, maintaining a net profit margin of 39%.
6. Earnings Per Share (EPS): $2.99, up 27% YoY.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	56.52B	12.76%	0.58%
Gross Profit	40.22B	15.99%	2.08%
Operating Income	26.90B	24.99%	10.89%
Net Income	22.29B	26.97%	11.01%
EPS	3.00	27.66%	11.11%

Key Financial Ratios

Gross Profit Margin

Excellent

71.20%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

47.60%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

39.40%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Fair

5.00%

Return on assets is acceptable but below top-tier companies

Return on Equity

Fair

10.10%

Return on equity is acceptable but below top-tier companies

Current Ratio

Healthy

1.66

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Moderate

0.39

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Growth

26.31x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

High Premium

10.63x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	77,673.00	3.72	+20.0%	View
Q3 2025	70,066.00	3.46	+13.3%	View
Q2 2025	69,632.00	3.23	+12.3%	View
Q1 2025	65,585.00	3.30	+16.0%	View
Q4 2024	64,727.00	2.95	+15.2%	View
Q1 2024	56,517.00	2.99	+12.8%	View

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Microsoft Corporation (MSFT) Q1 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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