MSFT

2024 - 4 - 26

Microsoft's Surprising Earnings Report: Cloud Growth and AI Push Lead to Stellar Q3 Results

Activision Blizzard Inc. - AI Technologies - Cloud Computing - Investor Relations - Microsoft - MSFT - Q3 2024 Earnings

🚀 Microsoft's Q3 earnings surpassed expectations with a 17% revenue increase! Find out how their cloud growth and AI push made it happen. #Microsoft #EarningsReport

Microsoft recently released its fiscal third-quarter earnings report, exceeding market estimates on both revenue and net income. The tech giant reported a revenue of $61.9 billion, marking a remarkable 17% year-over-year increase, surpassing analyst forecasts. Net income also soared to $21.9 billion, showcasing Microsoft's robust financial performance in Q3 2024.

One of the key highlights of Microsoft's earnings report was the accelerated growth in their cloud services, driven by a strategic focus on artificial intelligence (AI) technologies. This shift towards AI has played a significant role in propelling Microsoft's revenue beyond expectations, positioning them as a leader in the tech industry.

During the Q3 earnings call, Satya Nadella, Microsoft's CEO, and Amy Hood, the CFO, shared insights into the company's impressive financial results. While revenue guidance fell slightly short of expected figures, the overall Q3 performance demonstrated Microsoft's strength and resilience in a competitive market.

Following the earnings release, Microsoft's stock experienced a surge in after-hours trading as investors welcomed the stellar results. With earnings per share reaching $2.94, Microsoft's positive momentum in Q3 reinforces its position as a powerhouse in the tech sector.

After-Hours Earnings Report for April 25, 2024 : MSFT, GOOGL ... (Nasdaq)

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Microsoft cloud growth accelerates on back of AI push (CNBC)

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Microsoft (MSFT) Q3 2024 Earnings Call Transcript (Motley Fool)

Good afternoon, and thank you for joining us today. On the call with me are Satya Nadella, chairman and chief executive officer; Amy Hood, chief financial ...

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Microsoft Corp (MSFT) Surpasses Analyst Revenue Forecasts with ... (Yahoo Eurosport UK)

Revenue: Reported at $61.9 billion, marking a 17% increase year-over-year, surpassing the estimate of $60.8 billion. Net Income: Reached $21.9 billion, ...

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Microsoft (MSFT) Q3 2024 Earnings: What to Expect (Nasdaq)

Microsoft reports second quarter fiscal 2024 earnings results after the closing bell Thursday.

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MSFT Earnings: Microsoft Jumps after Stellar Q3 Results (TipRanks)

Shares of Microsoft (NASDAQ:MSFT) gained in after-hours trading after the tech company reported its Q3 results. Earnings per share came in at $2.94, ...

Microsoft earnings press release available on Investor Relations ... (Microsoft)

REDMOND, Wash. — April 25, 2024 — Microsoft Corp. on Thursday announced that fiscal year 2024 third-quarter financial results are available on its Investor ...

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Microsoft (MSFT) reports higher revenue and profit for Q3 2024 (AlphaStreet)

Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant's ...

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Microsoft Cloud Strength Drives March-Quarter Sales, Earnings Beat (Investor's Business Daily)

Software kingpin Microsoft beat estimates for its fiscal third quarter, thanks to healthy cloud computing business. Microsoft stock jumped.

Microsoft Corp (MSFT) Q3 2024 Earnings Call Transcript Highlights ... (Yahoo Eurosport UK)

Discover how Microsoft's strategic focus on cloud and AI technologies drove significant revenue and earnings growth in the third quarter of 2024.

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Microsoft Inc.(MSFT) Elliott Wave technical analysis [Video] (FXStreet)

Function: Counter Trend. Mode: Corrective. Structure: Zigzag.

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Decoding Microsoft Corp (MSFT): A Strategic SWOT Insight (Yahoo Finance Australia)

MSFT. Robust revenue growth with a 23% increase in Microsoft Cloud revenue. Significant acquisition of Activision Blizzard Inc. bolstering the gaming segment ...

Validea Detailed Fundamental Analysis - MSFT (Nasdaq)

Below is Validea's guru fundamental report for MICROSOFT CORP (MSFT). Of the 22 guru strategies we follow, MSFT rates highest using our Twin Momentum ...

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Microsoft results 'another get out the popcorn moment' says Wedbush (Proactive Investors UK)

Microsoft Corp (NASDAQ:MSFT) shares may be 35% higher year on year, but Wedbush analysts reckon there is plenty more upside to come for the world's most...

Microsoft Shows Massive FCF Growth Despite High AI Spending ... (The Globe and Mail)

This makes MSFT look undervalued here and provides a good opportunity for out-of-the-money (OTM) short-put investors. As a result, MSFT stock is trading about ...

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Microsoft Shows Massive FCF Growth Despite High AI Spending ... (Nasdaq)

Microsoft produced excellent quarterly results with higher free cash flow despite increased AI capex spending. This makes MSFT look undervalued here and ...

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Microsoft (MSFT) Q3 Earnings & Revenues Beat on Cloud Strength (Yahoo Finance)

Microsoft's (MSFT) third-quarter fiscal 2024 results reflect strength in the Azure business and Office 365, boosted by growing AI Copilot business.

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