Microsoft Corp.
Microsoft Reports Strong Q4 and FY2024 Results
Summary
Microsoft Corporation announced its financial results for the quarter and fiscal year ended June 30, 2024. The company reported a 15% increase in quarterly revenue to $64.7 billion and a 16% rise in annual revenue to $245.1 billion. Quarterly net income rose 10% to $22.0 billion, while annual net income increased 22% to $88.1 billion. Diluted earnings per share for the quarter increased 10% to $2.95 and 22% for the fiscal year to $11.80. The strong performance was driven by growth in all segments, particularly the Intelligent Cloud segment which saw a 19% increase in revenue. Microsoft also returned $8.4 billion to shareholders through share repurchases and dividends.
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About Microsoft Corp.
Microsoft Corp. is a multinational technology corporation that develops, licenses, and supports a diverse range of software products, services, and hardware. At the forefront of its offerings is the Windows operating system, a fundamental platform for personal computing used globally. The company also provides productivity software, such as Microsoft Office, which includes widely utilized applications like Word, Excel, and PowerPoint. Microsoft’s Azure cloud platform plays a significant role in the competitive cloud computing market, providing infrastructure, platforms, and services for businesses of all sizes. Additionally, Microsoft's involvement extends to gaming with its Xbox gaming consoles and a suite of gaming software and online services. Microsoft operates globally, serving individual consumers, small to medium-sized enterprises, and large corporations with enterprise-level solutions. Established in 1975 and headquartered in Redmond, Washington, Microsoft Corp. continues to influence software, cloud technology, and gaming industries, contributing significantly to technological advancements worldwide.
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