Microsoft Corp (MSFT) Q1 2024 (USD): EPS 2.99 (exp. 2.65), Revenue 56.5bln (exp. 54.5bln). Cloud Revenue 31.8bln (exp. 31.19bln). Productivity Revenue 18.59bln (exp. 18.29bln). Returned USD 9.1bln to holders; will provide guidance in earnings call
Business Highlights
- Revenue in Productivity and Business Processes was USD 18.6bln and increased 13% (up 12% in constant currency), with the following business highlights:
- Office Commercial products and cloud services revenue increased 15% (up 14% in constant currency) driven by Office 365 Commercial revenue growth of 18% (up 17% in constant currency)
- Office Consumer products and cloud services revenue increased 3% (up 4%in constant currency) and Microsoft 365 Consumer subscribers grew to 76.7million
- LinkedIn revenue increased 8%
- Dynamics products and cloud services revenue increased 22% (up 21% in constant currency) driven by Dynamics 365 revenue growth of 28% (up 26% in constant currency)
Revenue in Intelligent Cloud was USD 24.3bln and increased 19%, with the following business highlights:
- Server products and cloud services revenue increased 21% driven by Azure and other cloud services revenue growth of 29% (up 28% in constant currency)
- Revenue in More Personal Computing was USD 13.7bln and increased 3% (up 2% in constant currency), with the following business highlights:
- Windows revenue increased 5% with Windows OEM revenue growth of 4% and Windows Commercial products and cloud services revenue growth of 8%
- Devices revenue decreased 22%
- Xbox content and services revenue increased 13% (up 12% in constant currency)
- Search and news advertising revenue excluding traffic acquisition costs increased 10% (up 9% in constant currency)
Via Microsoft IR
Reaction details (21:01)
- +5.3% immediately in after-market trade.
24 Oct 2023 - 21:01- EquitiesImportant- Source: Mircrosoft IR
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