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Sep 30, 2023
Microsoft Q1 2024 Earnings Report
Microsoft's Q1 2024 results were fueled by Microsoft Cloud strength.
Key Takeaways
Microsoft reported a strong start to fiscal year 2024, with revenue increasing by 13% to $56.5 billion and diluted earnings per share increasing by 27% to $2.99. The growth was driven by Microsoft Cloud, which generated $31.8 billion in revenue, up 24% year-over-year.
Revenue increased 13% to $56.5 billion.
Operating income increased 25% to $26.9 billion.
Net income increased 27% to $22.3 billion.
Diluted earnings per share increased 27% to $2.99.
Forward Guidance
Microsoft will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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