For the quarter ended June 2024, Microsoft (MSFT Quick QuoteMSFT - Free Report) reported revenue of $64.73 billion, up 15.2% over the same period last year. EPS came in at $2.95, compared to $2.69 in the year-ago quarter.

The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $64.19 billion. With the consensus EPS estimate being $2.90, the EPS surprise was +1.72%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Microsoft performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Productivity and Business Processes - Percentage Change in Revenue Y/Y

  : 11% versus 10.1% estimated by nine analysts on average.

• Intelligent Cloud - Percentage Change in Revenue Y/Y

  : 19% compared to the 19.4% average estimate based on nine analysts.

• More Personal Computing - Percentage Change in Revenue Y/Y

  : 14% versus 11.4% estimated by nine analysts on average.

• Percentage Change in Revenue Y/Y

  : 15% compared to the 14.3% average estimate based on nine analysts.

• Revenue- Productivity and Business Processes

  : $20.32 billion versus the 11-analyst average estimate of $20.10 billion. The reported number represents a year-over-year change of +11.1%.

• Revenue- Intelligent Cloud

  : $28.52 billion versus $28.67 billion estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a +18.9% change.

• Revenue- More Personal Computing

  : $15.90 billion versus the 11-analyst average estimate of $15.41 billion. The reported number represents a year-over-year change of +14.3%.

• Revenue- Server products and cloud services

  : $26.63 billion versus $26.14 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +21.3% change.

• Revenue- Devices

  : $1.22 billion compared to the $1.16 billion average estimate based on five analysts. The reported number represents a change of -10.7% year over year.

• Revenue- Enterprise and partner services

  : $1.87 billion compared to the $1.81 billion average estimate based on five analysts. The reported number represents a change of -5.3% year over year.

• Revenue- LinkedIn

  : $4.25 billion versus the five-analyst average estimate of $4.21 billion. The reported number represents a year-over-year change of +8.8%.

• Revenue- Office products and cloud services

  : $14.35 billion versus $14.57 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.2% change.

View all Key Company Metrics for Microsoft here>>>

Shares of Microsoft have returned -6.6% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.