Microsoft Beats Earnings Expectations for Q1 2024
Strong Revenue and EPS Drive Positive Results
Earnings per Share
Microsoft (MSFT) exceeded analysts' expectations in its Q1 2024 earnings report, posting earnings per share (EPS) of 255. This represents a year-over-year increase, driven by strong revenue growth.
Revenue
The company's quarterly revenue also surpassed estimates, reaching $62.4 billion. This 10% increase from the previous year's corresponding quarter is attributed to growth across Microsoft's various business segments, including cloud computing, software, and hardware.
Other Highlights
Other notable highlights from Microsoft's earnings report include:
*- Intelligent Cloud revenue increased 20% year-over-year to $25.9 billion.
- Productivity and Business Processes revenue grew 12% to $15.7 billion.
- More Personal Computing revenue rose 11% to $14.2 billion.
Outlook
Microsoft's positive earnings results provide a bullish outlook for the company's future. The company is well-positioned to capitalize on the continued growth in cloud computing and digital transformation. Analysts maintain a buy rating for MSFT stock.
Disclaimer
The information provided in this article is solely for informational purposes and should not be construed as investment advice. Investors should consult with a financial professional before making any investment decisions.
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