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Performance Flash Report

Microsoft reported actual quarterly revenue of $61.9 billion, surpassing market expectations of $60.887 billion; Earnings Per Share (EPS) were also higher than expected at $2.94, compared to the forecast of $2.8273.

The following details the financial report: (For more analysis on the financial report, please contact your dedicated account manager)

In analyzing the financial report for Microsoft Corp. for the third quarter of 2024, we noted the following key highlights:

Core Financial Metrics：

1.Income：This quarter, Microsoft's revenue reached $61.9 billion, a 17% increase year-over-year.

2.Operating Revenue: amounted to $27.6 billion, representing a 23% increase year-on-year.

3.Net Income: Reached $21.9 billion, an increase of 20% year-over-year.

4.Earnings Per Share after Dilution: for $2.94, an increase of 20% year-over-year.

Performance of the company's core products or services：

1.Microsoft CloudRevenue reached $35.1 billion, an increase of 23% year-over-year.

2.Office Commercial Products and Cloud ServicesRevenue grew by 13%, with Office 365 Commercial revenue up by 15%.

3.Office Consumer Products and Cloud ServicesRevenue increased by 4%, Microsoft 365 consumer subscribers grew to 80.8 million.

4.LinkedInIncome increased by 10%.

5.Dynamics Products and Cloud ServicesRevenue increased by 19%, Dynamics 365 revenue grew by 23%.

Revenue situation of each business segment：

1.Productivity and Business Processes: Revenue was $19.6 billion, up 12% year-over-year.

2.Intelligent Cloud: Revenue was $26.7 billion, up 21% year-over-year, with server products and cloud services revenue, driven by Azure and other cloud services, increasing by 24%.

3.More personalized computing: Revenue was $15.6 billion, up 17% year-over-year.

Stock Repurchase and Dividend Data：

1.Microsoft returned $8.4 billion to shareholders this quarter in the form of share repurchases and dividends.

Investment and Financing Cash Flow：

1.The financial report did not specify the detailed data of cash inflows or outflows from investment and financing activities.

Staff headcount and recruitment or layoff plans：

1.The financial report did not mention the specific number of employees or future hiring or layoff plans.

Future Performance Guidance：

1.Microsoft will provide guidance on future fiscal quarter results during its quarterly earnings call and webcast.

The above summarizes the key financial and business performance of Microsoft for the third quarter of 2024. Overall, Microsoft demonstrated strong growth momentum, especially in its cloud computing business, indicating its leading position in the market and the potential for continued growth.

Disclaimers

uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.

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