Microsoft Q1 results top estimates amid ongoing cloud growth

Investing.comOct 31, 2024 6:06 AM

View all comments（0）



Investing.com -- Microsoft reported Wednesday fiscal first-quarter results that topped Wall Street estimates, underpinned by growing cloud revenue amid a wave AI-related enterprise spending.

Microsoft Corporation (NASDAQ:MSFT) was slightly higher in afterhours trading Wednesday.

The company reported Q1 earnings per share of $3.3 on revenue of $40.59 billion. Analysts polled by Investing.com anticipated EPS of $5.21 on revenue of $40.18B.

Azure, Microsoft's cloud business grew 33%, in-line with analyst estimates of 33%.

Reviewed byTony

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SpaceX Q2 2026: Revenue Up 92%, AI Cloud Deals Hit $14.1B, Cursor for $60B — Stock Consolidates Near $115

SpaceX crushed Q2 with 92% revenue growth and $14.1B in AI cloud deals. SPCX surged Aug 4 but pulled back; lockup unlock was absorbed. Here's the technical setup for recovery.

Palantir Q2 2026: Record 93% Revenue Growth, 155% Rule of 40, Stock Up 30% — Then Consolidates

Palantir crushed Q2 with 93% revenue growth and raised FY guidance to $8.15B. PLTR surged 30% on Aug 4, now consolidating near $156 as it tests Fibonacci support. Here's where it stands.

Dell's AI Server Boom Is Real — But the Stock Is Consolidating After Its 13% Pop

Dell's Q1 revenue soared 88%, AI servers up 757%, and FY2027 guidance was raised to $167B. But DELL has pulled back to $437 after rallying from the May 28 report. Here's where the stock stands.

Microsoft's Azure Turbo: Beat on Revenue and Earnings, Raised Growth Guidance, Stock Jumped 15%

Microsoft beat Q4 earnings and raised Azure guidance to 45%, sending MSFT up 15% in its largest market-cap gain ever, now testing $500.

Datadog (DDOG) Fell 19% After Q2 Beat and Guidance Raise - The AI Customer Cut Spooked the Market

Datadog beat Q2 revenue at $1.12B, beat EPS, and raised full-year guidance - then fell 19% on August 6. The reason: a usage cut from its largest AI customer and Q3 deceleration. At $237 with RSI at 24, here is whether the selloff is overdone.

Featured Tools