Microsoft Q4 Earnings Highlights: Revenue Beat, EPS Beat, Cloud Revenue Up YoY, 'Ensuring We Lead The AI Era'

Benzinga 2024-07-31

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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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