Microsoft Corporation (MSFT) Q3 2024 Earnings Report

Microsoft Corporation achieved a record revenue of $61.9 billion for the third quarter of fiscal 2024, marking a 17% year-over-year increase. Earnings per share rose to $2.94, reflecting a substantial 20% increase, highlighting the company's continued strength and resilience in a competitive technology landscape. Management attributed these results to robust demand in cloud services, particularly Azure, which generated over $35 billion in revenue alone, growing by 23%. The integration of AI across Microsoft products, particularly through Copilot offerings, is driving significant operational efficiencies and new revenue streams, further solidifying Microsoft's leadership position in cloud and AI solutions. Investors are advised to monitor ongoing capital investments and potential impacts from competitive dynamics in the technology sector.