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Microsoft's Q1 earnings reported $2.99 per share and $56.52 billion revenue, with a 19% YoY increase in Intelligent Cloud revenue to $24.26 billion. Azure and other cloud services played a significant role in this growth with a 29% YoY increase. Despite a 22% YoY decrease in Q1 devices revenue, other sectors such as Windows, Xbox content and services, and search and news advertising saw increases of 5%, 13%, and 10% respectively. The company's AI initiatives and Azure cloud growth are expected to continue driving revenue acceleration.
Microsoft’s cloud business outperformed in FY24 Q1 https://t.co/OEha4bhxGT
Microsoft reports Q1 devices revenue down 22% YoY, Windows revenue up 5%, Xbox content and services revenue up 13%, search and news advertising revenue up 10% (@boddyzachary / Windows Central) https://t.co/EB9dwnvsy9 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/2rAXtuKMgJ
Microsoft’s unexpected rebound in Azure cloud growth lifts shares https://t.co/RrcDBMp1xh
Microsoft tops revenue and profit expectations as Nadella cites coming age of AI https://t.co/3z811BbVyh
EARNINGS: Microsoft reported earnings of $2.99 per share and revenue of $56.52 billion for its fiscal first quarter. https://t.co/YMRYdnz94l https://t.co/nCjMEHxovg
Microsoft reports Q1 Intelligent Cloud revenue up 19% YoY to $24.26B, vs. $23.49B est., with Azure and other cloud services revenue up 29% YoY, vs. 26% YoY est. (@jordannovet / CNBC) https://t.co/mxtuI2rITr 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/AZvADijvvy
Microsoft earnings on deck with AI boost, Azure cloud growth in focus https://t.co/6V4vGvSTfG
Microsoft Q1 earnings preview: Wall Street looks for signs of AI-powered growth #RoboticsAINews #AINews #AI #ArtificialIntelligence #AIAutomation https://t.co/MLlRRf2Rdx
Microsoft shares have stalled as investors await a payoff from generative AI. https://t.co/fBXh6uYOXX
For Microsoft $MSFT, a noticeable revenue acceleration is expected this year, with revenue growth increasing back to the low-double digits through FY25. Azure and AI will be two of the key areas to watch in Q3’s report, given the overlap between the two. https://t.co/Zpp2tLV5HE
Microsoft Q1 2023 Earnings Preview: 7 Things To Know: https://t.co/yV3rH1YzXk @Microsoft365 Copilot, revenue and cost potential of generative AI, growth in Microsoft cloud offerings and the continued decline of PCs are some of the topics to expect on Tuesday’s earnings call.
Microsoft earnings preview: Wall Street waits for an AI inflection point https://t.co/langqqfYKl
Microsoft Q1 earnings preview: Wall Street looks for signs of AI-powered growth https://t.co/RidPvftx8q by @DanielHowley