Microsoft Corporation reported a robust financial performance for the fiscal year ended June 30, 2024, with significant growth across its segments. The company's revenue surged by 16% to $245.122 billion, while operating income and net income saw substantial increases of 24% and 22%, respectively. Diluted earnings per share also rose by 22% to $11.80. Microsoft Cloud was a standout performer, with revenue climbing 23% to $137.4 billion, driven by a 30% growth in Azure and other cloud services. The acquisition of Activision Blizzard Inc. contributed to a 50% increase in Xbox content and services revenue. However, Devices revenue experienced a 15% decline. Microsoft's business development was marked by the expansion of its cloud-based solutions, AI-powered platforms, and tools, as well as the completion of the Activision Blizzard acquisition. Looking...Show More

Microsoft Corporation reported a robust financial performance for the fiscal year ended June 30, 2024, with significant growth across its segments. The company's revenue surged by 16% to $245.122 billion, while operating income and net income saw substantial increases of 24% and 22%, respectively. Diluted earnings per share also rose by 22% to $11.80. Microsoft Cloud was a standout performer, with revenue climbing 23% to $137.4 billion, driven by a 30% growth in Azure and other cloud services. The acquisition of Activision Blizzard Inc. contributed to a 50% increase in Xbox content and services revenue. However, Devices revenue experienced a 15% decline. Microsoft's business development was marked by the expansion of its cloud-based solutions, AI-powered platforms, and tools, as well as the completion of the Activision Blizzard acquisition. Looking ahead, Microsoft plans to continue investing in cloud and AI infrastructure, datacenter expansion, and devices to meet growing customer demand for AI services. The company also highlighted the dynamic nature of the software, devices, and cloud-based services markets, emphasizing the need to adapt to rapid changes in customer preferences and global economic conditions.