Loading...
Market
Leading revenue growth sector in Microsoft's next fiscal quarter
3
Resolution / Starting Odds
Azure Cloud Services • 33%
AI and Machine Learning Platforms • 34%
Other Business Solutions • 33%
Breakdown of revenue by sector in Microsoft's next quarterly financial report
Story
Microsoft Q3 EPS $2.94, Revenue $61.9B Beat Estimates on Azure, AI Boost
Apr 25, 2024, 08:25 PM
Microsoft reported strong fiscal third-quarter results, significantly surpassing Wall Street expectations due to robust growth in its cloud services and artificial intelligence offerings. The company's earnings per share (EPS) were $2.94, beating the forecast of $2.82. Total revenue reached $61.9 billion, exceeding estimates of $60.804 billion. Notably, Microsoft's Azure cloud service saw a 31% year-over-year growth, contributing to a commercial cloud revenue of $35.1 billion, a 23% increase from the previous year. CEO Satya Nadella highlighted that Microsoft has moved from talking about AI to applying it at scale, orchestrating a new era of AI transformation. The positive financial performance led to a 5.6% increase in Microsoft's stock price after hours.
View original story
Similar markets
Azure Cloud Services • 33%
Office Commercial • 33%
LinkedIn • 33%
Less than 5% growth • 33%
5% to 10% growth • 33%
More than 10% growth • 34%
0-5% • 25%
6-10% • 25%
11-15% • 25%
16% or more • 25%
Increase over 20% • 25%
Increase 10-20% • 25%
Increase 5-10% • 25%
Increase less than 5% • 25%
Natural Language Processing • 25%
Machine Learning Platforms • 25%
AI in Health Tech • 25%
AI in Autonomous Vehicles • 25%
Significant growth • 33%
Moderate growth • 34%
No growth • 33%