Microsoft Corporation
MSFT
$517.35 0.31%
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

Microsoft Corporation (MSFT) Q1 2024 Financial Results: Strong Cloud Growth and AI Integration Drive Performance

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

56.52B
QoQ: 0.58% | YoY:12.76%

Gross Profit

40.22B
71.16% margin
QoQ: 2.08% | YoY:15.99%

Operating Income

26.90B
QoQ: 10.89% | YoY:24.99%

Net Income

22.29B
QoQ: 11.01% | YoY:26.97%

EPS

3.00
QoQ: 11.11% | YoY:27.66%

Revenue Trend

Margin Analysis

Key Insights

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 ...

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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
Q3 2024 61,858.00 2.94 +17.0% View
Q2 2024 62,020.00 2.93 +17.6% View
Q1 2024 56,517.00 2.99 +12.8% View