Microsoft's Q3 FY24 Earnings: Revenue Up 17%, Cloud Revenue Soars 23%

April 26, 2024 at 8:56:22 AM

Microsoft's Q3 FY24 Earnings: Revenue Up 17%, Cloud Revenue Soars 23%

Summary

Microsoft's Q3, FY24 report shows a 17% revenue growth to $61.9 billion and a 23% growth in operating income to $27.6 billion. Earnings per share rose 20% to $2.94. Microsoft Cloud revenue rose 23% to $35.1 billion, Xbox services grew 62%, Azure and other cloud services revenue rose 31%, and Office Commercial revenue grew 13%. CINEPLEX, using Microsoft Power Platform and Copilot Studio, is saving over 30,000 hours annually in manual processing times.

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