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  • Microsoft’s revenue +18% to $62.0B in FY24 Q2, as net income +33% to $21.9B

Microsoft’s revenue +18% to $62.0B in FY24 Q2, as net income +33% to $21.9B

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Top stories today:

  1. Microsoft’s revenue +18% YoY to $62.0B in FY24 Q2
  2. Alphabet’s revenue +3% to $69.8B in Q4
  3. Vision Pro reviews mixed, highlighting this is Apple's 1st attempt
  4. Novo Nordisk’s revenue +31% to $33.7B in 2023
  5. Elon Musk's stock option package struck down by DE judge

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 +18% YoY to $62.0B in FY24 Q2, as net income +33% to $21.9B

Azure continues to lead growth, at +30% YoY, fueled by AI services, as the Xbox division was +61% due to the Activision acquisition

  • Microsoft stock 0% after hours.

2. Alphabet’s revenue +13% to $86.3B in Q4

3. Vision Pro reviews generally mixed, highlighting this is just Apple’s 1st version

  • Pros:

    • Best AR headset available in terms of video passthrough, quality, and hand/eye tracking.

    • 1M iPad apps that work out of the box.

  • Cons:

    • Not many use cases other than entertainment and providing a large screen.

    • Price ($3,499).

    • Blurry passthrough.

    • Lonelyness feeling, as experiences cannot be shared.

  • Read more: The Verge, WSJ, Justine.

Our view: the Vision Pro is more premature than the 2007 iPhone, but give Apple a few years and they will do magic

  • Reminder: there was no App Store on the original iPhone (launched in 2007) — nor there was copy and paste.

*Sponsored.

5. Novo Nordisk’s revenue +31% to $33.7B in 2023, as Ozempic +60%, Wegovy +407%

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