share_log

Microsoft | 8-K: Microsoft Announces First Quarter 2024 Financial Results

SEC announcement ·  Apr 26 04:05
Summary by Futu AI
On April 25, 2024, Microsoft Corporation released its financial results for the fiscal quarter ending March 31, 2024. The report highlighted a 17% increase in revenue to $61.9 billion, a 23% increase in operating income to $27.6 billion, and a 20% increase in net income to $21.9 billion. Earnings per share also rose by 20% to $2.94. Microsoft's cloud segment was particularly strong, with a 23% year-over-year increase in revenue, amounting to $35.1 billion. The company's productivity and business processes segment saw a 12% increase in revenue, while the intelligent cloud and more personal computing segments grew by 21% and 17%, respectively. Notably, the Xbox content and services revenue surged by 62%, largely due to the Activision acquisition. Microsoft also returned $8.4 billion to shareholders through share repurchases and dividends. The company plans to provide forward-looking guidance in an earnings conference call and webcast.
On April 25, 2024, Microsoft Corporation released its financial results for the fiscal quarter ending March 31, 2024. The report highlighted a 17% increase in revenue to $61.9 billion, a 23% increase in operating income to $27.6 billion, and a 20% increase in net income to $21.9 billion. Earnings per share also rose by 20% to $2.94. Microsoft's cloud segment was particularly strong, with a 23% year-over-year increase in revenue, amounting to $35.1 billion. The company's productivity and business processes segment saw a 12% increase in revenue, while the intelligent cloud and more personal computing segments grew by 21% and 17%, respectively. Notably, the Xbox content and services revenue surged by 62%, largely due to the Activision acquisition. Microsoft also returned $8.4 billion to shareholders through share repurchases and dividends. The company plans to provide forward-looking guidance in an earnings conference call and webcast.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.