Microsoft Corporation reported strong financial results for fiscal year 2024, with revenue increasing 16% to $245.1 billion and net income rising 22% to $88.1 billion. Microsoft Cloud revenue grew 23% to $137.4 billion, driven by Azure and other cloud services growth of 30%. Operating income increased 24% to $109.4 billion as the company continued to scale its AI infrastructure.The company's strategic acquisition of Activision Blizzard for $75.4 billion was completed in October 2023, significantly expanding its gaming portfolio. Xbox content and services revenue increased 50%, with 44 points of net impact from the Activision Blizzard acquisition. Office Commercial products and cloud services revenue grew 14%, while LinkedIn revenue rose 9% across all business lines.Looking ahead, Microsoft continues to invest heavily in AI infrastructure and capabilities, with expanded datacenter capacity to meet growing demand. The company maintained strong operational execution while integrating major acquisitions and advancing its AI initiatives. Cash flow from operations increased significantly to $118.5 billion, while returning $33.8 billion to shareholders through dividends and share repurchases.

Microsoft Corporation reported strong financial results for fiscal year 2024, with revenue increasing 16% to $245.1 billion and net income rising 22% to $88.1 billion. Microsoft Cloud revenue grew 23% to $137.4 billion, driven by Azure and other cloud services growth of 30%. Operating income increased 24% to $109.4 billion as the company continued to scale its AI infrastructure.The company's strategic acquisition of Activision Blizzard for $75.4 billion was completed in October 2023, significantly expanding its gaming portfolio. Xbox content and services revenue increased 50%, with 44 points of net impact from the Activision Blizzard acquisition. Office Commercial products and cloud services revenue grew 14%, while LinkedIn revenue rose 9% across all business lines.Looking ahead, Microsoft continues to invest heavily in AI infrastructure and capabilities, with expanded datacenter capacity to meet growing demand. The company maintained strong operational execution while integrating major acquisitions and advancing its AI initiatives. Cash flow from operations increased significantly to $118.5 billion, while returning $33.8 billion to shareholders through dividends and share repurchases.