Msft Investor Relations

Microsoft Reports Strong Q3 Results Driven by Cloud Strength

Earnings Release for Fiscal Year 2024

Key Highlights

Microsoft Corporation (NASDAQ: MSFT) announced its financial results for the third quarter of fiscal year 2024, ending March 31, 2024. The company reported strong growth driven by its cloud computing business.

"Our third quarter results reflect the continued strength of our cloud businesses, which continue to drive growth and innovation across the company," said Satya Nadella, Chairman and CEO of Microsoft. "We are seeing strong demand for our cloud services, as organizations seek to digitally transform their operations."

Microsoft's revenue for the quarter totaled $51.9 billion, representing a 12% increase year-over-year. The company's operating income was $21.5 billion, up 15% from the previous year. Net income was $17.4 billion, a 13% increase year-over-year.

Wealthtender

Pr Newswire