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Microsoft Corporation (MSFT-6.12%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing reports a revenue increase of 12% to $69.632 billion, driven by growth in Intelligent Cloud and Productivity and Business Processes segments.
Microsoft Cloud revenue increased by 21% to $40.9 billion, with significant contributions from Azure and Microsoft 365 Commercial cloud services.
Operating income rose by 17% to $31.653 billion, supported by growth across all segments.
Net income for the quarter was $24.108 billion, a 10% increase compared to the same period last year.
Microsoft reported a diluted earnings per share of $3.23, up from $2.93 in the previous year.
The company highlighted increased investments in cloud engineering and AI infrastructure as key areas of focus.
Microsoft's acquisition of Activision Blizzard was completed in October 2023, contributing to the Gaming segment's performance.
Cash, cash equivalents, and short-term investments totaled $71.6 billion as of December 31, 2024.
The company returned $9.7 billion to shareholders through share repurchases and dividends during the quarter.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Microsoft Corporation quarterly 10-Q report dated January 29, 2025. To report an error, please email earnings@qz.com.