Microsoft stock holds near record territory as cloud and AI drive earnings momentum
Published on 07/24/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Microsoft Corporation (ISIN US5949181045) delivered another year of double-digit growth in its fiscal 2024 results, with Microsoft stock trading near record territory on Nasdaq as investors weigh the impact of artificial intelligence and cloud demand on future earnings power.
Revenue up 16 percent in fiscal 2024
According to the companys fiscal 2024 earnings release for the year ended 30 June 2024, Microsoft reported revenue of $245.5 billion, an increase of 16 percent from $211.9 billion in fiscal 2023, highlighting how cloud and AI services continue to scale across its business.
Over the same period, operating income rose to $107.9 billion in fiscal 2024, up 23 percent from $87.5 billion a year earlier, as management kept expense growth below revenue growth and benefited from operating leverage in cloud infrastructure and software.
Net income and EPS rise faster than sales
Microsoft also reported that net income for fiscal 2024 reached $88.1 billion, an increase of 23 percent versus $71.9 billion in fiscal 2023, while diluted earnings per share climbed to $11.65 from $9.68, a rise of 20 percent year on year, underscoring expanding profitability as high-margin software and cloud services grow within the mix.
The company highlighted that intelligent cloud and productivity offerings were key contributors to these results, with Azure and related services continuing to grow faster than the broader business and subscription-based Office and Microsoft 365 products supporting recurring revenue.
More reports on Microsoft
Further current coverage, ad hoc announcements, and regulatory filings on Microsoft can be found bundled in the Microsoft topic overview.
Cloud and AI products underpin growth
A central pillar of Microsofts performance is the Azure cloud platform, which the company has positioned as the base layer for enterprise AI workloads and large language models, integrating services such as Azure OpenAI Service for customers building generative AI applications.
Alongside Azure, the company is rolling out Microsoft 365 Copilot and GitHub Copilot into productivity and developer workflows, aiming to monetize AI features as add-ons to existing subscriptions and thereby lift average revenue per user over time.
Microsoft stock and market position
Microsoft stock is listed on Nasdaq under the ticker MSFT and remains one of the largest constituents of the S and P 500 and Nasdaq 100 indices, with a market capitalization close to the multi-trillion dollar range, reflecting investor expectations for durable earnings growth from cloud and AI.
Microsoft key data
- Company: Microsoft Corporation
- ISIN: US5949181045
- Ticker: NASDAQ: MSFT
- Trading venue: Nasdaq
- Sector / Industry: Information Technology / Software and Services
- Index membership: S and P 500, Nasdaq 100
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