Microsoft (MSFT) Revenue — Quarter Ended Mar 31, 2024
Revenue increased compared to both the prior quarter and the same quarter a year earlier. The sequential decline was minimal, while the year-over-year growth was substantial.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
Revenue increased compared to both the prior quarter and the same quarter a year earlier. The sequential decline was minimal, while the year-over-year growth was substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$61.9B
Revenue reported for this quarter.
Quarter-over-quarter
-0.3%
Change from the immediately preceding quarter.
Year-over-year
+17.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$236.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $56.2B | +8.3% |
| Sep 30, 2023 | $56.5B | +12.8% |
| Dec 31, 2023 | $62B | +17.6% |
| Mar 31, 2024 | $61.9B | +17.0% |
Revenue performance
Revenue for the quarter was higher than that of the immediately preceding quarter. The prior quarter showed a larger sequential gain, whereas this quarter experienced a slight pullback.
Quarterly comparison
Compared with the same quarter one year ago, revenue rose by a notable percentage. The trailing twelve-month revenue also increased relative to the current quarter's annualized run rate.
What to watch
Monitor whether revenue can resume sequential growth in the next quarter after the modest quarter-over-quarter decline.