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Microsoft 2024 Q1: Earnings outperform on rising cloud revenue growth

by Jason Gumpert
Editor, MSDynamicsWorld.com
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Microsoft reported Q1 2024 earnings per share of $2.99 on revenue of $56.5 billion, exceeding analyst estimates.

“Consistent execution by our sales teams and partners drove a strong start to the fiscal year with Microsoft Cloud revenue of $31.8 billion, up 24% (up 23% in constant currency) year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

Revenue in Intelligent Cloud was $24.3 billion and increased 19%. Azure and other cloud services grew 29%.

Microsoft Cloud includes Azure, other cloud services, Office 365 Commercial, and commercial portions of LinkedIn, Dynamics 365, and other cloud properties.

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About Jason Gumpert

As the editor of MSDynamicsWorld.com, Jason oversees all editorial content on the site and at our events, as well as providing site management and strategy. He can be reached at jgumpert@msdynamicsworld.com.

Prior to co-founding MSDynamicsWorld.com, Jason was a Principal Software Consultant at Parametric Technology Corporation (PTC), where he implemented solutions, trained customers, managed software development, and spent some time in the pre-sales engineering organization. He has also held consulting positions at CSC Consulting and Monitor Group.

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