Microsoft's Q3 Earnings Showcase Cloud Strength
Strong Growth in Azure Business
Microsoft Corporation (NASDAQ: MSFT) reported impressive financial results for the third quarter of fiscal year 2024, driven by the continued success of its cloud computing business. The company's Azure platform saw significant growth, with revenue increasing by 30% year-over-year.
Solid Financial Performance
Microsoft's overall revenue for Q3 FY24 reached $56 billion, a 11% increase compared to the same quarter last year. The company's net income also rose by 14%, reaching $18 billion. Strong performance across all segments contributed to these positive financial outcomes.
Emphasis on Shareholder Returns
Microsoft remains committed to returning value to its shareholders. In Q3 FY23, the company repurchased $20 billion worth of shares and paid out $17 billion in dividends. This brings the total returned to shareholders over the past 12 months to an impressive $97 billion.
Investor Relations Website Updates
Microsoft's Investor Relations website has been updated with the latest quarterly and annual filings. Shareholders, potential investors, and financial analysts can access these documents in Microsoft Word format for their convenience.
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