Microsoft reported stronger-than-expected first-quarter sales, with revenue up 13% YoY to $56.5 billion. The Intelligent Cloud division, including Azure and other cloud services, saw a 19% YoY revenue increase to $24.26 billion. Microsoft's early investment in generative AI is paying off, driving growth in its cloud computing and office software businesses. The company's net income grew 27% YoY to a record $22.3 billion, and operating profit margins increased to 47.6% from 42.9% a year ago.
The results come after Microsoft reported strong growth in its cloud-computing business, partly because of a better-than-expected contribution from AI workloads. https://t.co/Y9XEGBlKAk
Microsoft’s early lead over Alphabet in Generative AI is paying off. How so? https://t.co/J0gdDcRAkm
Microsoft Q1 Cloud revenue up 24 percent, year over year. https://t.co/nH4ueEmoLt
AI and cloud growth fuel first quarter revenue boost for Microsoft https://t.co/oN5hSS74tz
1/ Microsoft reported a 13% increase in revenue to $56.5 billion in the third quarter, with Azure, its cloud computing offering, growing 29%. https://t.co/0koS61JMP1
Microsoft shares rise as Wall Street heralds 'strong execution,' wider AI rollout https://t.co/gip505gz6h
Microsoft shares rise as Wall Street heralds 'strong execution,' wider AI rollout https://t.co/JFLYASrjLp
$MSFT (+4.3% pre) Microsoft earnings harness AI power as Azure cloud gains, outlook impress https://t.co/bbcFk6AkVg
Microsoft's revenues increased 13% over the last year to a new quarterly high of $56.5 billion. Net income grew 27% YoY to a record $22.3 billion. Operating profit margins moved up to 47.6% from 42.9% a year ago. $MSFT https://t.co/ZOLftiwcMu https://t.co/8X5OYRUxs8
Microsoft’s edge in AI pays off while Google tries to catch up in the cloud https://t.co/l0ApsZYhcc
Microsoft's AI strategy is paying off with solid cloud revenue growth https://t.co/8y6ujgFHMc
Microsoft earnings harness AI power as Azure cloud gains, outlook impress https://t.co/7roeLszhaQ
Microsoft gains an edge over Google in latest cloud earnings https://t.co/xRwpsNq7R0
Microsoft: early investment in generative AI pays off https://t.co/xWoVytTC5o
Microsoft: early investment in generative AI pays off https://t.co/7Ut0QykPmb | opinion
Microsoft: early investment in generative AI pays off https://t.co/B4kb9IP3xU
Microsoft posts strong results on growing demand for AI services https://t.co/woht7tqIqL
Microsoft Earnings: Stock Soars As AI Drives Record Revenue Again https://t.co/X3TxRBfylC
Microsoft sales beat estimates as customers prepare for AI rollout https://t.co/QLwWmyqw6s https://t.co/B4zDBZhisl
Microsoft posted stronger-than-expected first-quarter sales, bolstered by recovering cloud-computing growth amid demand for new AI products that are prompting corporate customers to shift back into spending mode. https://t.co/V3kM3tIvk4
Microsoft’s sales growth accelerated last quarter as demand for its cloud computing services warmed amid growing enthusiasm about artificial intelligence https://t.co/k1oGqreQh9
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 leaps as Azure, cloud gains power Q1 earnings beat with AI boost up next https://t.co/e5JeA0OLgu
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 posted stronger-than-expected first-quarter sales, bolstered by recovering cloud-computing growth amid demand for new AI products that are prompting corporate customers to shift back into spending mode. https://t.co/1OIPFk8K7P
Microsoft Earnings: Stock Soars As AI Again Drives Record Revenue https://t.co/kjoLISIn2u https://t.co/j2UBmcjcar
Microsoft reports Q1 revenue up 13% YoY to $56.5B, net income up 27% YoY to $22.3B, Office Commercial revenue up 15% YoY, and LinkedIn revenue up 8% YoY (Microsoft) https://t.co/QELNiPe7Aq 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/K9UNSKc4GH
Microsoft FY24Q1 results Revenue +13%, including: - Productivity & Biz. Processes +13% - Intelligent Cloud +19% (Azure & Other Cloud +29%) - More Personal Computing +3% EBIT +25%, Net Income +27%, EPS +27% $MSFT +4.7% https://t.co/vQKduJ73xS
Mircosoft FY24Q1 results Revenue +13%, including: - Productivity & Biz. Processes +13% - Intelligent Cloud +19% (Azure & Other Cloud +29%) - More Personal Computing +3% EBIT +25%, Net Income +27%, EPS +27% $MSFT +4.7% https://t.co/CZIGUwGd4p
💰 MICROSOFT BEATS QUARTERLY REVENUE ESTIMATES Microsoft on Tuesday beat Wall Street estimates for first-quarter revenue, driven by growth in its cloud computing and office software businesses. https://t.co/BfrtJC3E4e
JUST IN: Microsoft reports first quarter revenue of $56.5 billion, beating estimates.