Microsoft Q4 Earnings Surpass Expectations π | Cloud Revenue Soars & AI Leadership Confirmed
Microsoft's Q4 results beat analyst forecasts with strong revenue, EPS growth, and a year-over-year boost in cloud services. The company's focus on AI leadership is clear as they continue to innovate and lead the tech industry.
Benzinga
927 views β’ Jul 31, 2024
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Microsoft's fourth-quarter revenue and earnings per share exceeded analyst expectations, showing a significant year-over-year increase. Cloud revenue from Microsoft Azure and other services experienced a year-over-year increase. Both overall server products and cloud services revenue within the Intelligent Cloud segment and Azure's revenue saw notable growth rates. Microsoft 365 Consumer subscribers exceeded 80 million, up from the previous quarter. The company returned over $8 billion to shareholders via stock buybacks and dividends in Q4. Microsoft CEO Satya Nadella said the company is focused on meeting current customer needs while 'ensuring we lead the AI era.'
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927
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Jul 31, 2024
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