Summary by Moomoo AI
On October 30, 2024, Microsoft Corporation released its financial results for the fiscal quarter ending September 30, 2024. The report highlighted a 16% increase in revenue to $65.6 billion, a 14% increase in operating income to $30.6 billion, and an 11% increase in net income to $24.7 billion. Diluted earnings per share rose by 10% to $3.30. Microsoft's cloud offerings, including Azure and other cloud services, were significant contributors to the growth, with a 22% year-over-year increase in Microsoft Cloud revenue to $38.9 billion. The company also reported growth across its various segments, including a 12% increase in Productivity and Business Processes revenue and a 20% increase in Intelligent Cloud revenue. Notably, Xbox content and services revenue surged by 61%, largely due to the Activision acquisition. Microsoft returned $9.0 billion to shareholders through dividends and share repurchases during the quarter. The company's forward-looking guidance was to be provided in a conference call and webcast on the same day as the announcement.
