Summary by Moomoo AI
On January 30, 2024, Microsoft Corporation announced its financial results for the fiscal quarter ending December 31, 2023. The report highlighted an 18% increase in revenue to $62.0 billion, a 33% increase in operating income to $27.0 billion, and a 33% rise in net income to $21.9 billion. Diluted earnings per share also saw a 33% increase to $2.93. These results included the financial performance of Activision Blizzard, Inc., which Microsoft acquired on October 13, 2023, and is now part of the More Personal Computing segment. Microsoft's cloud segment was particularly strong, with a 24% year-over-year increase in revenue, attributed to significant growth in Azure and other cloud services. The company also returned $8.4 billion to shareholders through share repurchases and dividends. The financial data was presented in both GAAP and non-GAAP measures to provide a clearer understanding of Microsoft's performance.
