Microsoft Surges Past Analysts' Expectations with $61.9 Billion Q3 Revenue and 20% Net Income Growth

Redmond, Washington United States of America
Intelligent Cloud segment revenue grew by 20% and Productivity and Business Processes segment grew by 8%.
Microsoft Cloud revenue reached $35.1 billion, up 23% YoY.
Microsoft reported $61.9 billion in Q3 revenue, a 17% increase YoY.
Net income grew by 20% to $21.9 billion and EPS was $2.94 per share.
Productivity and Business Processes segment revenue was $19.6 billion, up 12% YoY.
Microsoft Surges Past Analysts' Expectations with $61.9 Billion Q3 Revenue and 20% Net Income Growth

Microsoft Corporation (MSFT) reported impressive financial results for its third quarter of the fiscal year 2024, surpassing analysts' revenue forecasts with a strong performance. The tech giant generated $61.9 billion in revenue, marking a significant 17% increase from the previous year.

Microsoft's net income also saw an impressive growth of 20%, reaching $21.9 billion, while Earnings Per Share (EPS) increased by the same percentage to $2.94 per share.

The company's operating income grew by 23% to $27.6 billion, and Microsoft Cloud revenue reached a new milestone of $35.1 billion, reflecting a 23% increase year-over-year.

Microsoft's Productivity and Business Processes segment reported revenue of $19.6 billion, up 12% year-over-year, while the Intelligent Cloud segment saw revenue growth of 20%. The More Personal Computing segment also experienced a revenue increase of 8%.

Microsoft's strong financial performance was driven by its continued investment in artificial intelligence (AI) and cloud services. The company has been expanding its AI capabilities, including the hiring of Mustafa Suleyman to run a new Microsoft AI group and the launch of GitHub Copilot with 1.8 million paid subscribers.

Microsoft's Azure cloud computing business continues to grow rapidly, with revenue increasing by over 20% year-over-year. The company has also been signing high-profile deals, such as a five-year, $1.1bn contract with Coca-Cola for AI and cloud computing services in Q3 of 2024.

Despite the strong financial results, Microsoft's stock price saw a slight increase in after-hours trading due to concerns over potential layoffs and competition from rivals like Amazon, Apple Silicon, Nintendo Switch, and Sony PlayStation.


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Confidence

95%

Doubts
  • Are there any potential errors in the reported revenue or net income growth percentages?

Sources

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Microsoft cloud growth accelerates on back of AI push

CNBC News Jordan Novet Thursday, 25 April 2024 16:00
  • Unique Points
    • Microsoft hired Mustafa Suleyman to run a new Microsoft AI group.
    • Revenue from GitHub Copilot now has 1.8 million paid subscribers.
  • Accuracy
    • Microsoft's fiscal third-quarter revenue grew 17% year over year, totaling $61.86 billion.
    • Net income for the quarter was $21.94 billion, or $2.94 per share.
    • The Intelligent Cloud segment generated $26.71 billion in revenue, up about 21%.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Microsoft Corp (MSFT) Surpasses Analyst Revenue Forecasts with Strong Q3 Performance

Yahoo Finance GuruFocus Research Thursday, 25 April 2024 23:14
  • Unique Points
    • Microsoft Corp reported $61.9 billion in revenue, marking a 17% increase year-over-year.
    • Net income reached $21.9 billion, up 20% from the previous year.
    • Earnings Per Share (EPS) achieved $2.94, a 20% increase year-over-year.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Microsoft’s heavy bet on AI pays off as it beats expectations in second quarter

theguardian.com Article URL: https://www.theguardian.com/world/2024/feb/13/ pakistan-·coalition-·agrees-to-form-government Blake Montgomery Thursday, 25 April 2024 22:15
  • Unique Points
    • Microsoft invested billions of dollars into artificial intelligence
    • Microsoft started selling its Copilot AI software add-on to small businesses
    • Microsoft signed a five-year, $1.1bn contract with Coca-Cola for AI and cloud computing services in Q3 of 2024
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains some inflammatory rhetoric and an appeal to authority, but no formal logical fallacies were found. The author uses phrases like 'heavy bet on artificial intelligence continued to bear fruit' and 'races to integrate AI across its software and services' which could be seen as inflammatory, but they do not directly result in a fallacy. The author also quotes Satya Nadella, the CEO of Microsoft, stating that 'Microsoft’s AI tools are orchestrating a new era of AI transformation' which is an appeal to authority as Nadella is presenting his opinion as fact. However, this does not significantly impact the overall score.
    • ]The technology giant has invested billions of dollars into AI in a bid to turbocharge its growth, particularly of its cloud computing services.[
    • Microsoft’s AI tools are orchestrating a new era of AI transformation.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Microsoft earnings: Stock rises as Azure growth clears a high bar

MarketWatch Thursday, 25 April 2024 23:15
  • Unique Points
    None Found At Time Of Publication
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

80%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Microsoft’s Surface and Xbox hardware revenues take a big hit in Q3

The Verge Tom Warren Thursday, 25 April 2024 20:09
  • Unique Points
    • Xbox hardware revenue tanked this quarter alongside devices (Surface) revenue also dropping once again.
    • Windows OEM revenue is up 11 percent year over year, a surprise given Microsoft’s previous guidance that it would be relatively flat.
  • Accuracy
    • Microsoft posted $61.9 billion in revenue and a net income of $21.9 billion during Q3 of its 2024 fiscal year.
    • Revenue is up 17 percent, and net income has increased by 20 percent.
  • Deception (30%)
    The article contains selective reporting as Microsoft's overall gaming revenue would have actually declined this quarter without the addition of Activision Blizzard. The author also uses emotional manipulation by stating 'despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter.' This statement creates a negative emotion towards the topic and may influence readers to form a biased opinion.
    • Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter.
    • Four previously Xbox-exclusive games are now available on PS5, with some launching on Nintendo Switch, too.
    • Microsoft revealed in February that Xbox Game Pass has now grown to 34 million subscribers, including the Xbox Game Pass Core (previously Xbox Live Gold) members.
  • Fallacies (85%)
    The article contains several instances of inflammatory rhetoric and appeals to authority. It uses strong language to describe the successes and failures of Microsoft's various products, such as calling a decline in Xbox hardware revenue a 'big drop' and highlighting the 31% increase in Xbox content and services revenue with words like 'strategic shift', 'expansion', and 'success'. The author also appeals to authority by quoting Microsoft CEO Satya Nadella and CFO Amy Hood directly. Additionally, there are a few instances of dichotomous depictions, such as describing the PC market as either pre-pandemic levels or experiencing growth.
    • Microsoft just posted the third quarter of its 2024 fiscal financial results...
    • Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter...
    • We're expecting Microsoft to unveil its own Surface devices running on Snapdragon X Elite and X Plus chips on May 20th at a special AI and Surface event.
    • Microsoft CFO Amy Hood says the company is expecting Xbox hardware revenues to decline again next quarter...
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication