Microsoft Reports Strong Q3 Results, Cloud Strength Fuels Growth
Company Overview and Financial Highlights for Shareholders
This Investor Relations site provides comprehensive information about Microsoft Corporation, including a company overview and key information for shareholders. Investors can find detailed financial reports, including income statements and balance sheets, as well as earnings releases and other financial data.
FY24 Q3 Earnings Release
On April 25, 2024, Microsoft Corp. reported strong financial results for the third quarter of fiscal year 2024. Driven by the strength of its cloud business, Microsoft saw significant growth in revenue and earnings. Key highlights from the earnings release include:
- Revenue increased by 12% year-over-year to $52.7 billion.
- Net income increased by 15% year-over-year to $19.1 billion.
- Cloud revenue grew by 20% year-over-year, driven by strong demand for Azure and Office 365.
Recent News and Developments
In addition to the financial results, the Investor Relations site also provides news and updates on Microsoft's latest developments. Recent highlights include:
- August 31, 2022: Corey Sanders, CVP Microsoft Cloud for Industry and Global Expansion Team, announced the expansion of Microsoft's cloud services to new markets.
- April 25, 2024: Microsoft announced the acquisition of Activision Blizzard, a leading video game publisher.
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