Microsoft Corporation
MSFT
$483.16 0.48%
Exchange: NASDAQ | Sector: Technology | Industry: Software Infrastructure
Q2 2024
Published: Jan 30, 2024

Earnings Highlights

  • Revenue of $62.02B up 17.6% year-over-year
  • EPS of $2.93 increased by 33.6% from previous year
  • Gross margin of 68.4%
  • Net income of 21.87B
  • "'It was a record quarter driven by the continued strength of Microsoft Cloud, which surpassed $33 billion in revenue, up 24%.' – Satya Nadella" - Satya Nadella
MSFT
Microsoft Corporation

Executive Summary

In Q2 2024, Microsoft Corporation (MSFT) reported record revenue of $62 billion, reflecting an 18% increase year-over-year (YoY). The strategic integration of artificial intelligence across Microsoft's offerings, particularly in its Azure and Office segments, has driven this growth, with a notable 24% increase in Microsoft Cloud revenues, which reached $33.7 billion. Operating income grew 25% YoY, indicating improved operational efficiency amid ongoing investments in AI and cloud technologies. Management highlighted continued momentum across all business segments, with particularly strong performance in Azure AI services, further solidifying Microsoft's competitive position in the rapidly evolving tech landscape.

Key Performance Indicators

Revenue
Increasing
62.02B
QoQ: 9.74% | YoY: 17.58%
Gross Profit
Increasing
42.40B
68.36% margin
QoQ: 5.43% | YoY: 20.24%
Operating Income
Increasing
27.03B
QoQ: 0.51% | YoY: 32.52%
Net Income
Increasing
21.87B
QoQ: -1.89% | YoY: 33.15%
EPS
Increasing
2.94
QoQ: -2.00% | YoY: 33.64%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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
Q2 2024 62,020.00 2.93 +17.6% View