Microsoft: Q3 EPS up 20%

(CercleFinance.com) - On Thursday evening, Microsoft reported Q3 2023-24 net income that is up 20% at $21.
9bn, i.e. EPS of $2.94, with operating profit rising 23% to $27.6bn.

Sales for the Redmond, Washington-based IT giant came in at $61.9bn, up 17%, notably boosted by the strength of its cloud business, where revenues rose 23% to $35.1bn.

Microsoft Copilot and the Copilot stack are orchestrating a new era of transformation through AI, driving better business results across all roles and industries, management said.


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