Microsoft Reports Strong Q1 2024 Earnings, Boosted by Cloud and Gaming Sectors

Redmond, Washington United States of America
Intelligent Cloud segment revenue increased by 31% to $17.4 billion.
Microsoft's Q1 2024 revenue was $45.3 billion, a 15% increase year-over-year.
The company's net income rose to $16.5 billion, up from $13.9 billion in the same period last year.
Xbox content and services revenue increased by 16%, driven by the successful launch of Starfield.

Microsoft Corporation, the multinational technology company, has reported a significant increase in its revenue and earnings for the first quarter of 2024. The company's stock jumped following the announcement, reflecting the positive market response. Microsoft's revenue for the quarter was $45.3 billion, a 15% increase year-over-year. The company's net income also rose to $16.5 billion, up from $13.9 billion in the same period last year.

The company's Intelligent Cloud segment, which includes its Azure cloud platform, was a significant contributor to the revenue growth, with a 31% increase in revenue to $17.4 billion. The company's Productivity and Business Processes segment, which includes Office 365 and LinkedIn, also saw a 13% increase in revenue to $14.7 billion.

Microsoft's More Personal Computing segment, which includes Windows, Surface, and gaming, reported a 4% increase in revenue to $13.2 billion. The gaming sector, in particular, saw a significant boost, with Xbox content and services revenue increasing by 16%. This growth was driven by the successful launch of the highly anticipated game, Starfield.

Microsoft's strong quarterly results reflect the company's successful diversification strategy and its ability to capitalize on the growing demand for cloud services and digital transformation solutions.

Confidence

95%

Doubts
  • The exact percentage increase in Xbox content and services revenue was not specified in all sources.

Sources

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 stock jumps on revenue, earnings beats

Yahoo Finance Daniel Howley Tuesday, 24 October 2023 20:04
  • Unique Points
    • The article provides a detailed breakdown of Microsoft's earnings in different sectors, which is not found in other articles.
  • 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 (80%)
    • Yahoo Finance is owned by Verizon Communications. Verizon and Microsoft have a partnership in various business ventures, which could potentially influence the coverage of Microsoft.
    • 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 beats Q1 earnings expectations

    CNBC News Jordan Novet Tuesday, 24 October 2023 20:30
    • Unique Points
      • The article provides a comparison of Microsoft's earnings with analyst expectations, which is not found in other articles.
    • 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 (80%)
      • CNBC is owned by NBCUniversal, a subsidiary of Comcast. Comcast and Microsoft have had business partnerships in the past, which could potentially influence the coverage of Microsoft.
      • 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

      Xbox reveals earnings post-Starfield and it's mostly good news

      IGN (Imagine Games Network) Ryan McCaffrey Tuesday, 24 October 2023 19:00
      • Unique Points
        • The article focuses on the impact of the game Starfield on Xbox's earnings, which is a unique perspective not found in other articles.
      • 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%)
        • IGN is owned by Ziff Davis, a subsidiary of J2 Global. J2 Global has no known direct business relationships with Microsoft, reducing potential conflicts of interest.
        • 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 Quarterly Results

        The Name Of The NZ Prefix. I PWA NZI.P.Was Dropped. Steve Lohr Tuesday, 24 October 2023 18:00
        • Unique Points
          • The article provides a historical perspective on Microsoft's earnings, which is not found in other articles.
        • 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%)
          • The New York Times is owned by The New York Times Company. The company has no known direct business relationships with Microsoft, reducing potential conflicts of interest.
          • 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's Q1 Earnings Report 2024

          The Wall Street Journal Asa Fitch Tuesday, 24 October 2023 20:00
          • Unique Points
            • The article provides a detailed analysis of Microsoft's cloud business, which is not found in other articles.
          • 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 (80%)
            • The Wall Street Journal is owned by News Corp. News Corp and Microsoft have had business partnerships in the past, which could potentially influence the coverage of Microsoft.
            • Author Conflicts Of Interest (100%)
              None Found At Time Of Publication