Microsoft(MSFT) - 2024 Q4 - Annual Results

Revenue Growth - Revenue for Q4 2024 was $64.7 billion, a 15% increase year-over-year (16% in constant currency)[12] - Revenue in Productivity and Business Processes was $20.3 billion, up 11% year-over-year (12% in constant currency), driven by Office 365 Commercial revenue growth of 13% (14% in constant currency)[13] - Revenue in Intelligent Cloud was $28.5 billion, up 19% year-over-year (20% in constant currency), with Azure and other cloud services revenue growing 29% (30% in constant currency)[18] - Revenue in More Personal Computing was $15.9 billion, up 14% year-over-year (15% in constant currency), with Xbox content and services revenue increasing 61% due to the Activision acquisition[16] - Fiscal year 2024 revenue was $245.1 billion, a 16% increase year-over-year (15% in constant currency)[19] - Revenue for 2024 increased by 16% year-over-year (YoY) to $245.122 billion, with operating income up 24% to $109.433 billion and net income rising 22% to $88.136 billion[33] - Productivity and Business Processes segment revenue reached $20.317 billion for the quarter, up 11% YoY[51] - Intelligent Cloud segment revenue grew 19% YoY to $28.515 billion, with operating income up 22% to $12.859 billion[51] - More Personal Computing segment revenue increased 14% YoY to $15.895 billion, with operating income up 5% to $4.923 billion[51] Microsoft Cloud Performance - Microsoft Cloud revenue reached $36.8 billion in Q4 2024, up 21% year-over-year (22% in constant currency)[12] - Microsoft Cloud revenue grew 21% YoY, with Azure and other cloud services leading at 29% growth[35] Net Income and Profitability - Net income for Q4 2024 was $22.0 billion, a 10% increase year-over-year (11% in constant currency)[14] - Operating income for fiscal year 2024 was $109.4 billion, up 24% year-over-year (22% non-GAAP)[19] - Net income for fiscal year 2024 was $88.1 billion, a 22% increase year-over-year (20% non-GAAP)[19] - Diluted earnings per share (EPS) for 2024 increased 22% YoY to $11.80[33] - Net income for the quarter ended June 30, 2024, was $22.036 million, compared to $20.081 million in the same period last year[54] - Comprehensive income for the quarter ended June 30, 2024, was $21.881 million, compared to $19.382 million in the same period last year[54] - Net income for the six months ended June 30, 2024, was $88.136 million, compared to $72.361 million in the same period last year[54] - Comprehensive income for the six months ended June 30, 2024, was $88.889 million, compared to $70.696 million in the same period last year[54] Shareholder Returns - Microsoft returned $8.4 billion to shareholders in Q4 2024 through share repurchases and dividends[18] Office and Productivity Tools - Office Commercial products and cloud services revenue increased by 12% YoY, with Office 365 Commercial growing 13%[35] - LinkedIn revenue grew 10% YoY, while Dynamics products and cloud services saw a 16% increase, with Dynamics 365 up 19%[35] Gaming and Xbox Performance - Xbox content and services revenue surged 61% YoY, driven by strong gaming performance[35] Financial Position and Investments - Total cash, cash equivalents, and short-term investments decreased to $75.543 billion from $111.262 billion in the previous year[47] - Net change related to derivatives for the quarter ended June 30, 2024, was a loss of $4 million, compared to a gain of $20 million in the same period last year[54] - Net change related to investments for the quarter ended June 30, 2024, was a gain of $88 million, compared to a loss of $648 million in the same period last year[54] - Translation adjustments and other for the quarter ended June 30, 2024, resulted in a loss of $239 million, compared to a loss of $71 million in the same period last year[54] - Other comprehensive income (loss) for the quarter ended June 30, 2024, was a loss of $155 million, compared to a loss of $699 million in the same period last year[54] - Net change related to derivatives for the six months ended June 30, 2024, was a gain of $24 million, compared to a loss of $14 million in the same period last year[54] - Net change related to investments for the six months ended June 30, 2024, was a gain of $957 million, compared to a loss of $1,444 million in the same period last year[54]