Xbox and cloud help boost Microsoft’s Q1 2024 earnings

This is the best summary I could come up with:

That’s despite Microsoft CEO Satya Nadella revealing on the company’s earnings call that “PC market unit volumes were at roughly pre-pandemic levels” this quarter.

Windows OEM revenue is expected to grow in mid to high single digits next quarter, according to CFO Amy Hood.

Nadella did reveal on the company’s earnings call that Starfield has contributed to Xbox Game Pass growth, though.

Microsoft is also holding an Xbox Partner Preview event tomorrow, with the company planning to show off a launch trailer for Alan Wake 2 and the first gameplay for Ark: Survival Ascended.

Microsoft’s intelligent cloud business generated $24.3 billion in revenue this quarter, a 19 percent year-over-year increase.

Nadella revealed last quarter that Microsoft Cloud sales passed $110 billion in the 2023 fiscal year, with Azure making up more than 50 percent of this revenue for the first time.

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