CHART: Microsoft records its biggest quarterly revenue ever
It was driven by a high demand for its cloud and productivity solutions.
- Microsoft’s Q3 revenue surged 16% to $65.6 billion, driven by strong cloud and productivity segment growth.
- Net income reached $24.7 billion, up 11%, as EPS climbed to $3.30.
- Microsoft’s Q4 forecast projects revenue between $68.1 billion and $69.1 billion amid sustained AI and cloud investments.
Microsoft’s aggressive investment in AI and cloud technology is paying off, with the company posting a standout Q3 2024 (Q1 FY25) – ended September 30 –marked by strong revenue growth across its core business units.
From AI-driven productivity tools to the expanding role of Azure, Microsoft is redefining the digital workplace, positioning itself as an essential partner for businesses in the rapidly evolving tech landscape.
This innovation-driven approach helped the company exceed Wall Street expectations, reporting $65.6 billion in revenue—a 16% year-over-year increase, as the Techloy chart below shows.
Operating income also rose 14% to $30.6 billion, and net income climbed 11% to $24.7 billion, resulting in diluted earnings per share (EPS) of $3.30, marking a 10% increase from last year.
However, despite these robust numbers, a slightly conservative growth forecast for the coming quarter led to a 4% dip in stock value.
