On January 30th, 2024, Microsoft Corporation announced its fiscal second-quarter earnings, revealing a 15.8% increase in quarterly revenue, the highest growth rate in nearly two years, and reaching $61.1 billion. The earnings beat Wall Street's expectations with an EPS of $2.77, up 19.4% year-over-year. Azure cloud services saw a 30% growth, significantly bolstered by a 6% boost from AI services demand. Microsoft's net income grew by 33% to $21.9 billion, with operating profit margins improving to 43.6%. Windows OEM revenue was up 11%, while devices revenue declined by 9%. The gaming sector performed strongly with a 49% increase in revenue, Xbox content and services revenue soaring by 61%, and Xbox hardware revenue up by 3%. Despite record sales for the fifth consecutive quarter, AI-related stocks dropped, erasing $190 billion in market value, as AI returns did not meet the lofty investor expectations. Microsoft expects full-year 2024 margins to expand by 1-2% over 2023, and Azure's guidance for the next quarter has been raised to 28%.
Microsoft earnings may have offered a big bullish clue about cloud growth https://t.co/ybo0wYdhD8
Microsoft investors were looking for a solid progress report on AI. They didn't get it, @DaveLeeBBG says https://t.co/xbbvn37LHB via @opinion
Microsoft beats Q2 earnings on AI, cloud strength https://t.co/bhe5RPmBJx by @DanielHowley
$MSFT Nadella delivered a masterpiece quarter/guidance and conf call that should be printed out and hung in the Louvre. Raising price target to $475. Most importantly, Copilot conversions appear to be exploding across the MSFT ecosystem as the AI Revolution has begun Dan Ives https://t.co/YjjutGBaiy
Redmond and Nadella delivered a masterpiece quarter/guidance and conf call that should be printed out and hung in the Louvre. Raising price target to $475. Most importantly, Copilot conversions appear to be exploding across the MSFT ecosystem as the AI Revolution has begun🔥🏆🐂
Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations https://t.co/PKEhSEzMHR https://t.co/7a7Rroq3eh
⚠️ INVESTORS PUNISH MICROSOFT, ALPHABET AS AI RETURNS FALL SHORT OF LOFTY EXPECTATIONS (Reuters) Tech giants on Tuesday talked up how customers are lapping up their generative AI-powered products, but mounting costs of developing the cutting-edge features irked investors… https://t.co/L8B411YNCW
AI-related stocks took a tumble, wiping out $190 billion in US stock market value, after earnings numbers from Microsoft, Google-parent Alphabet and chipmaker AMD failed to impress investors Read more: https://t.co/ksxlLkcKo5 https://t.co/em7BUQVo81
AI-related stocks took a tumble, wiping out $190 billion in US stock market value, after earnings numbers from Microsoft, Google-parent Alphabet and chipmaker AMD failed to impress investors https://t.co/kxBAJURmC1 https://t.co/sXggF3a0kt
Microsoft Sales Top Estimates, Cloud Growth Disappoints Some https://t.co/zKu8pCCqFz
Microsoft and Alphabet earnings disappoint despite AI boom https://t.co/wPwC4aA5hS
Microsoft investors were looking for a solid progress report on AI. They didn't get it, @DaveLeeBBG says https://t.co/uA1lWRWvgY
#AI companies lose $190 billion in market cap after #Alphabet and #Microsoft report Alphabet dropped 5.6% after the #Google-parent's December-quarter ad revenue missed expectations. Read more at: https://t.co/QyXjw9cQkO
#FPTech: #AIstocks crash, companies lose over $190 billion as #Google, #Microsoft, other tech companies reveal earnings https://t.co/4I36W5edDU
Microsoft's AI push propels it to the top https://t.co/o0Ip1s6SgD https://t.co/wIVhKGirIl
⚠️ AI COMPANIES LOSE $190 BILLION IN MARKET CAP AFTER ALPHABET AND MICROSOFT REPORT Full Story → https://t.co/QlcTjwEvqA
$MSFT raised guidance on Azure to 28% next Q. This was higher than the 26% it said last Q. AI is the tide that lifts all boats.
Microsoft, Alphabet's Google and AMD are finding that, when it comes to AI, investors are hard to please https://t.co/N60NVn86jn
$MSFT is seeing the impact of AI in Azure, Office and cost savings. Bottom line, Street estimates are going up slightly tomorrow. https://t.co/UV1GrjVacm
What did you think of $MSFT earnings today?
Microsoft again blows away earnings estimates as AI’s contribution grows https://t.co/R5GhIlUAlM
Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue above expectations. https://t.co/Nii9vYLHTJ
Earnings releases from Microsoft and Google-parent Alphabet both underlined how quickly interest in AI is driving growth at both companies. https://t.co/fbUCKrKuRL
Microsoft posted its strongest revenue growth since 2022. https://t.co/T7EKw2de66
$MSFT expects full year 2024 margins to expand by 1-2% over 2023 even though they will be investing heavily in AI.
$msft azure grew 28% cc with 6% of AI benefit vs I think 28% and 3% benefit last q, so ex AI continued slowing. Does this not bode poorly for AWS that last quarter didn’t see the same uptick driven by AI?
Microsoft delivered another blowout earnings report, tallying its best-ever quarterly revenue for its fifth quarter in a row – a stretch directly coinciding with an explosion in investor interest in AI and Microsoft-backed OpenAI’s debut of ChatGPT. https://t.co/v6vFn18eCl
Azure at a ~$74B run rate growing 28% constant currency Quarterly YoY growth trends below. Also shown estimated growth ex AI services. Not all software co's have the AI accelerant Microsoft does! In last 3 quarters AI Services run rate has gone ~$500m > ~$2B > ~$4B $MSFT https://t.co/PpA7xdOZxn
Microsoft beat Wall Street estimates for second-quarter revenue on Tuesday. https://t.co/QmWQo4DgY8
Microsoft beat Wall Street estimates for second-quarter revenue on Tuesday, as new AI features helped attract customers to its cloud and Windows services. https://t.co/6LM5lToJGq
Microsoft profits jump 33% to $22 billion as its AI services boom - but shares fall slightly https://t.co/m5dtNisWJI https://t.co/JaHOK3uhcJ
Microsoft beats Q2 earnings on AI, cloud strength, shares flat https://t.co/OHsyKCTsDI by @DanielHowley
Cloud strength and AI excitement boost Microsoft revenue https://t.co/aQKlpx739S
Microsoft Q2 earnings live: AI fuels revenue gain https://t.co/ibBnibtSNQ
Microsoft Azure growth rate was boosted 6% by demand for AI services, CFO Amy Hood tells me. Office 365 Commercial paid seats topped 400 million in the quarter: https://t.co/jA01b485R0 $MSFT
Microsoft Azure growth rate was boosted 6% by demand for AI services, CFO Amy Hood tells me. Office 365 Commercial paid seats topped 400 million in the quarter: https://t.co/jA01b485R0 #MSFT
⚠️ JUST IN: *MICROSOFT FISCAL Q2 RESULTS TOP ESTIMATES AMID STRONGER CLOUD GROWTH $MSFT https://t.co/LPVhgq6tWw
Microsoft beats quarterly revenue estimates https://t.co/npP7HRCtcS https://t.co/VTAA0couq8
Microsoft's revenue rose last quarter as excitement about artificial intelligence helped power the growing demand for its cloud services https://t.co/QVwMunNSSL https://t.co/QVwMunNSSL
Microsoft's revenues increased 17.6% over the last year to a new quarterly high of $62 billion. Net income grew 33% YoY to $21.9 billion (2nd highest quarter ever). Operating profit margins moved up to 43.6% from 38.7% a year ago. $MSFT https://t.co/CIGYckHnkp
Microsoft beat on the top and bottom lines as Azure cloud growth was stronger than expected. Here are the details: https://t.co/oba4u2hcID https://t.co/ozPeJfItbd
Microsoft posted its strongest revenue growth since 2022, spurred by interest in new AI products that in turn are driving renewed spending on cloud computing. https://t.co/80FjnujrpU
$MSFT Azure growth 30% wow #AI is helping $MSFT and $NVDA https://t.co/kwcl8y1MrN
Microsoft beats estimates as Azure grows faster than expected https://t.co/SHFq8mWrGS
Microsoft earnings beat across the board as cloud, AI drive momentum https://t.co/PbfMsvRjN4
Microsoft delivers another masterpiece quarter. Beats across the board with an Azure number beating the Street by 250/300 bps. AI driving cloud strength and uses cases catalyzing demand for MSFT. Guidance on the call but hard to poke holes in this A+ print by Redmond. 🔥🏆
Microsoft Earnings: Record Sales For 5th-Straight Quarter Amid AI Wave https://t.co/cwaU7S47Gs https://t.co/wmXHEvvdqk
Microsoft's Q2 2024 (fiscal) earnings: • 💻 Windows OEM revenue up 11% • 🖥️ Devices revenue down 9% • 👾 Gaming revenue up 49% • 🕹️ Xbox content + services rev up 61% • 🎮 Xbox hardware rev up 3% full details to come here 👉 https://t.co/VaV6MxQoag
Microsoft Cloud Strength Drives Second Quarter Results (Microsoft) https://t.co/zRfeWiDDo7 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/7z4DMuq2Ub
⚠️ MICROSOFT BEATS QUARTERLY REVENUE ESTIMATES Full Story → https://t.co/EGCWh3Zyiu
$MSFT $GOOGL $AMD earnings on deck! Community votes are in, what is yours? Comment below. 👇 https://t.co/0nNPEZ6yGy
⚠️ PREDICT HOW MICROSOFT $MSFT EARNINGS WILL GO TODAY USING 1 WORD https://t.co/KNugvjl30w
Microsoft Q2 2024 Earnings Preview: 5 Things To Know: https://t.co/Aj0e1Q7MaF From generative AI to Azure, other cloud offerings and Microsoft’s security portfolio, @WadeMillward breaks down five topics likely to be addressed during Microsoft’s Q2 earnings call today. $MSFT
Microsoft Earnings Tonight: $MSFT Some preview thoughts 👇🏼
Microsoft $MSFT is expected to post 15.9% YoY revenue growth this quarter, the highest growth rate in nearly two years on rising cloud and generative AI demand. https://t.co/mDzj4BDgqj
Microsoft earnings: What to expect from Azure, Office and — of course — AI https://t.co/1Ud9XHWgta
$MSFT $AMD Earnings Preview | Benzinga Live https://t.co/OsnzlXjYgR
$MSFT $GOOG | Microsoft, Alphabet Under Pressure To Show AI Earnings Boost - BBG https://t.co/acuSlgS549
Microsoft and Alphabet Earnings Preview - January 30th 2024 - #MSFT #GOOG $MSFT $GOOG FxExplained https://t.co/FXua1iBtif
Microsoft $MSFT reports earnings tomorrow after the markets close, Wall ST is expecting numbers of EPS of $2.77 up 19.4% YoY Revenue of $61.1B up 15.8% YoY
Predict how Microsoft's $MSFT earnings will go tomorrow using just 1 word
$MSFT | Microsoft Q2 Earnings Preview: Artificial Intelligence, Gaming, More Key Items To Watch https://t.co/iR1HxR4Wpg
Microsoft earnings: Tech giant to report Q2 earnings as AI mania pushes stock higher https://t.co/VnnoOd0Ohd by @DanielHowley
$GOOGL and $MSFT will report earnings on Jan 30th. Both #Microsoft and #Google are poised to deliver solid growth - here's what the Street expects! #stocks #stockmarket https://t.co/ky0rElgtvq
Microsoft, $MSFT, is expected to report a 15.8% jump in quarterly revenue, its best growth in nearly two years, per Reuters.
Risk vs. revenue: Microsoft earnings will give Wall Street a new AI benchmark after a tumultuous quarter https://t.co/12v9yDrjG6