Could NOW's Q3 2024 revenue surge happen again in 2025?

**Microsoft's Q3 2025 revenue surge is likely to be overshadowed by its Q3 2024 performance.** Here's why:

1. **Comparing Q3 Performance**: Microsoft's Q3 2024 revenue was $68.44 billion, which was surpassed by Q3 2025 with $70.1 billion. However, the 18% profit surge in Q3 2025 was significantly higher than the 13% year-on-year revenue increase seen in Q3 2024.
2. **Growth Drivers**: The growth drivers for Q3 2025 were primarily cloud and AI divisions, which saw a 21% increase in cloud revenue and a 33% surge in Azure and other cloud services revenue. These segments continued to grow in Q3 2025, but the overall revenue increase was smaller compared to the surge in profit.
3. **Market Conditions**: In Q3 2024, Microsoft faced economic volatility and turmoil in the tech sector, which could have contributed to the lower revenue increase. However, these factors did not negatively impact the profit surge in Q3 2025.
4. **Strategic Focus**: Microsoft's continued focus on cloud and AI, as evidenced by the launch of Copilot+ PCs and increased investment in AI technology, suggests a strong strategic direction that could lead to further growth.

In conclusion, while Microsoft's Q3 2025 revenue surge was impressive, the overall increase was smaller compared to the profit surge. The growth drivers seen in Q3 2025, particularly the cloud and AI divisions, are expected to continue contributing to Microsoft's future revenue. However, the likelihood of a similar revenue surge as seen in Q3 2025 happening again in 2025 is lower due to the higher baseline set by Q3 2024.