Microsoft(MSFT) - 2024 Q2 - Quarterly Report

Revenue Growth - Office Commercial products and cloud services revenue increased by 15%, driven by Office 365 Commercial growth of 17%[27] - Microsoft 365 Consumer subscribers grew to 78.4 million, with Office Consumer products and cloud services revenue increasing by 5%[27] - LinkedIn revenue increased by 9%[27] - Dynamics products and cloud services revenue increased by 21%, driven by Dynamics 365 growth of 27%[27] - Server products and cloud services revenue increased by 22%, driven by Azure and other cloud services growth of 30%[27] - Windows revenue increased by 9%, with Windows OEM revenue growth of 11%[27] - Total revenue for the three months ended December 31, 2023, was $62.02 billion, compared to $52.75 billion for the same period in 2022[43] - Total revenue for the three months ended December 31, 2023, was $62.02 billion, up from $52.75 billion in the same period last year, representing a growth of 17.9%[43] - The company reported a total of $118.54 billion in revenue for the six months ended December 31, 2023, compared to $102.87 billion for the same period in 2022, marking a growth of 15.2%[43] Revenue by Segment - Server products and cloud services revenue reached $23.95 billion, a 22.0% increase from $19.59 billion year-over-year[43] - Office products and cloud services revenue grew to $13.48 billion, up 13.6% from $11.87 billion in the prior year[43] - Gaming revenue increased to $7.11 billion, a significant rise of 49.5% compared to $4.76 billion in the same quarter last year[43] - Windows revenue was $5.26 billion, reflecting a growth of 9.4% from $4.81 billion year-over-year[43] - LinkedIn revenue increased to $4.20 billion, up 9.5% from $3.83 billion in the same period last year[43] - Search and news advertising revenue was $3.22 billion, slightly up from $3.21 billion, indicating a growth of 0.3%[43] Gross Margin - Gross margin increased by $7.1 billion or 20% driven by growth across each segment[42] - Gross margin increased by $7.1 billion or 20% compared to the previous year, driven by growth across all segments[42] Acquisitions - The acquisition of Activision Blizzard was completed for a total purchase price of $75.4 billion, now included in consolidated financial statements[29] Non-GAAP Financial Measures - Adjusted gross margin, operating income, net income, and diluted EPS are non-GAAP financial measures, with prior year measures excluding a $1.2 billion charge in Q2 2023[41] Devices Revenue - Devices revenue decreased by 9%[27]