Software giant Microsoft Corp. (NASDAQ: MSFT) is all set to report first-quarter 2024 financial results today after the closing bell, amid expectations for a positive outcome.
Listen to Microsoft’s earnings call live and check the real-time transcript
On average, analysts estimate that the tech firm’s net income increased to $2.5 per share in the September quarter from $2.35 per share in the prior year period. They are looking for first-quarter revenues of $51.4 billion, which represents a 3.6% year-over-year increase.
For the fourth quarter of 2023, the company reported revenues of $56.2 billion, compared to $51.9 billion in the same period of 2022. Net profit came in at $20.08 billion or $2.69 per share in the June quarter, vs. $16.74 billion or $2.23 per share in the comparable period of last year.