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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.
Microsoft
Microsoft
Forward Guidance
Microsoft will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast.