Summary by Moomoo AI
Microsoft Corporation reported a robust financial performance in the third quarter of fiscal year 2024, with significant year-on-year revenue growth across its segments. The company's revenue surged by 17% to $61.9 billion, while operating income saw a 23% increase to $27.6 billion. Net income also rose by 20% to $21.9 billion, and diluted earnings per share increased by 20% to $2.94.Microsoft Cloud was a standout performer, with revenue climbing 23% to $35.1 billion. The company's productivity and business processes segment, including Office 365 Commercial and LinkedIn, experienced healthy growth. The More Personal Computing segment also saw revenue growth, driven by the Xbox content and services, which benefited significantly from the Activision Blizzard acquisition. However, Devices revenue declined by 17%. Microsoft's future plans include continued investment in cloud...Show More
