Summary by Moomoo AI
Microsoft Corporation reported a robust financial performance in the second quarter of fiscal year 2024, with significant year-on-year growth across key financial metrics. Revenue surged by 18% to $62.02 billion, while operating income and net income both soared by 33%, reaching $27.03 billion and $21.87 billion, respectively. Diluted earnings per share also saw a substantial increase of 33%, rising to $2.93. The company's Microsoft Cloud segment was a standout, with revenue climbing 24% to $33.7 billion. Office Commercial products and cloud services revenue grew by 15%, driven by a 17% increase in Office 365 Commercial. The acquisition of Activision Blizzard significantly boosted Xbox content and services revenue, which jumped by 61%. However, Devices revenue experienced a 9% decline. Microsoft's future plans include continued investment in cloud and AI infrastructure, with a...Show More
