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- Microsoft’s revenue +17% to $61.9B in quarter, as operating margin +2 p.p. to 45%
Microsoft’s revenue +17% to $61.9B in quarter, as operating margin +2 p.p. to 45%
Bay Area Times
April 26, 2024
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Top stories today:
- Microsoft’s revenue +17% to $61.9B in quarter
- Alphabet’s revenue +15% to $80.5B, op. margin + 7 p.p. to 32%
- ByteDance denies reports it will sell TikTok U.S.
- xAI now raising $6B at $18B pre-money valuation, from $3B at $15B
- GDP slows to 1.6% in Q1, as core price index accelerates to 3.7%
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Microsoft’s revenue +17% to $61.9B in quarter, as operating margin +2 p.p. to 45%
Stock +4% in the pre-market.
Azure and cloud led revenue growth, with the Xbox division outperforming due to the Acvitision acquisition
2. Alphabet’s revenue +15% to $80.5B, as operating margin +7 p.p. to 32%
Growth was seen across the board in Search, YouTube, and Cloud
The Google parent announced a $70B stock buyback and a $0.20 cash dividend, leading the stock +12%
Disclaimer: we’re shareholders.
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4. ByteDance denies reports it will sell TikTok U.S.
ByteDance’s announcement on Toutiao, a news website owned by the Chinese giant.