Summary by Moomoo AI
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